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Market Commentary

SCOTUS Decision Day

By Charles Payne, CEO & Principal Analyst
2/20/2026 12:25 PM

It's an interesting session considering all the economic data and the SCOTUS decision.  On one hand, there weren’t any surprises, including the ruling against IEEPA tariffs. Moreover, there are half a dozen other tariffs in the toolbox, and the decision has come too late to upset trade deals already in place.

It helps Xi a bit in April with, midterms approaching, and a media pounding away at “affordability.”

As for the market, a swing back to growth may signal investors' confidence, especially with the recent laggards of the Magnificent Seven fetching bids.

It's interesting heading into the weekend, wondering what the next possible catalyst could be for the market.

I like that there has been a floor, but generally, when it takes this long to break out, the market pulls back a little more.

But fundamentals are improving; earnings and margins will be better in the coming quarters, so the next big move should be to the upside. I'm not sure what the spark will be.

Closing at the highs of the session would send a statement more relevant than closing lower.


Comments
The media working with the Democrats are the primary driving force, there was a dog food commercial years ago showing ducklings eating from a dog food dish, they were standing under a great Dane, one duck was saying dog, I don't see a dog, it reminds me of the mindset of many of the public

Tom Sanders on 2/20/2026 3:02:48 PM
 

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