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Market Moment
Glen Eagle®: America’s Women-Owned Trading Desk®
2/23/2026
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Amazon surpassed Walmart as the largest U.S. company by annual revenue, reporting $716.9B versus Walmart’s $713.2B, ending Walmart’s run atop the ranking since 2009. *1
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Americans aged 55+ now represent roughly 30% of the population and are becoming more important to the economy. The share of U.S. consumer spending by those 55 and older has risen to 45.3%, up from just under 30% in 2000. 2
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The current S&P 500 bull market has crossed 1,200 days at the end of January. This means the bull market has now lasted longer than the 1,011-day average since 1928. That being said, the nine longest bull markets averaged 2,380 days. *3
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Nearly all of January’s 130,000 payroll gains came from the health care and social services sectors (124,000); government, finance, information, and transportation sectors all shed jobs. 3
- WSJ – “Amazon Is Now America’s Biggest Company. Its 17-Year Journey to Surpass Walmart.”
- A Wealth of Common Sense – “Animal Spirits: Is AI a Mistake?”
- MFS – “Beyond the News”
*Past performance is not indicative of future performance
Economic Calendar
Monday:
Fed Governor Christopher Waller speaks, Factory Orders (Dec)
Tuesday:
Chicago Fed President Austan Goolsbee speaks, S&P Case-Shiller Home Price Index 20 cities (Dec), Atlanta Fed President Raphael Bostic speaks, Fed Governor Christopher Waller speaks, Fed Governor Lisa Cook speaks, Wholesale Inventories (Dec), Consumer Confidence (Feb)
Wednesday:
Richmond Fed President Tom Barkin speaks, Kansas City Fed President Jeffrey Schmid speaks
Thursday:
Initial Jobless Claims (week of Feb 21)
Friday:
Producer Price Index (Jan), Core PPI (Jan), PPI year over year, Core PPI year over year, Chicago Business Barometer PMI (Feb), Construction Spending (Nov), Construction Spending (Dec)
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US Markets*
S&P 6,851.63 -0.84%
DOW 48,946.55 -1.37%
NASDAQ 22,629.97
-1.12%
World Markets*
FTSE 10,684.74
-0.02%
NIKKEI 56,825.70 -1.12%
HANG SENG 27,081.91 +2.53%
*values as of 11:50 EST 2/23/2026
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Treasuries*
2 YR 3.449%
10YR 4.031%
30 YR 4.690%
Cryptocurrencies*
BTC-USD
65,411.18
3.21%
ETH.CM
1,887.30
-3.26%
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Currencies*
Euro $1.1804
Pound $1.3500
Yen $154.3320
Commodities*
Gold 5,332.70
+2.99%
WTI Crude 66.55
+0.11%
Silver 87.11
+5.79%
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Upcoming Earnings Calls
Monday - D, OKE, FANG, KEYS, WDS
Tuesday - HD, CEG, MELI, BNS, AMT
Wednesday - NRY, TD, INTU, CM, MNST
Friday - BRKB, GTLS, PSO, FRO, GSAT
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Client Focused Trading® for large institutions, pensions, hedge funds, wealthy families, and private equity for over 30 years.
Glen Eagle Wealth, LLC is a member FINRA and SIPC
This desk commentary is for informational purposes only
Carol Ann Fernandez
Rob Michel
Grier Vacek
Glen Eagle Wealth, LLC
4422C Route 27
PO Box 399
Kingston, NJ 08528
(609) 631-8231
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