Daily Rundown
February 23, 2026 Chart of the Day Number of the Day 9.1 - The effective U.S. tariff rate after Friday's Supreme Court ruling, down from 16.9 percent prior to the decision Quote of the Day "I'm not fully convinced that we're on a pathway to our 2.0 percent target." - Dallas Fed President Lorie Logan Friday's Highlights The Supreme Court invalidated the U.S. tariffs imposed last year under emergency powers legislation. Real GDP (Q4) rose by 1.4 percent, as consumer sp
Chief Strategist, Bryan Jordan CFA
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Daily Rundown
February 20, 2026 Chart of the Day Number of the Day $901.5 billion - The U.S. trade deficit for 2025, largely in line with the $903.5 billion deficit in the prior year Quote of the Day "We had a lot of growth with customers who are in the income bracket of $100,000 and above, and that's pretty consistent with the last few quarters. So I don't think there's any big change. I think the way we describe our customers is very thoughtful, they're choiceful, and, in the lower-
Chief Strategist, Bryan Jordan CFA
2 min read
Daily Rundown
February 19, 2026 Chart of the Day Number of the Day 4.5 - The percentage increase in core capital goods orders in the last six months of 2025, the strongest half-year since the first half of 2022 Quote of the Day "Several participants indicated that they would have supported a two-sided description of the committee's future interest-rate decisions, reflecting the possibility that upward adjustments to the target range for the federal funds rate could be appropriate if i
Chief Strategist, Bryan Jordan CFA
2 min read
Daily Rundown
February 18, 2026 Chart of the Day Number of the Day 3.4 - The average allocation to cash among respondents to the Bank of America global fund manager survey in February, up from the record-low of 3.2 percent in the prior month but still the third-lowest reading in the history of the series Quote of the Day "Our single-family builder customers have addressed ongoing affordability challenges by offering smaller and simpler homes, as well as incentives such as interest rat
Chief Strategist, Bryan Jordan CFA
2 min read
