February 23, 2026 7:59am

As President Trump said he’s raising his global tariffs to 15%

Me, I am watching the driveway being plowed and still hesitant to shovel the “additional levies” of 16-18 inches and its still coming

Pre-open Signals: I’m passing, too many factors; if you understand probabilities, the inevitable is easier to maneuver

Remember that overnight action in futures don't necessarily translate into actual trading in today’s regular stock market session.

Never leave retail investor uninformed … I say what others won’t, so you can KNOW what others can’t!

 

“I hate to be considered negative or contrarian but, this is a NO spin zone and truth is its product; I can always be WRONG but, I am mostly EARLY!”

Friday’s RMi Closing Bell: A risk clearing session with semi-healthy econ reports … https://www.regmedinvestors.com/articles/14322   

I chose to speak-up when many analysts, brokers and commentators have shut-up!

 

Monday: The pre-open Dow futures are DOWN -0.43% or (-214 points), the S&P futures are DOWN -0.45% or (-31 points) and the Nasdaq futures are DOWN -0.62% or (-154 points)

  • U.S. stock futures are down with snow falling Monday, 2/23
  • European markets were lower,
  • Asia Pacific traded mixed

Economic Data:  8:30 a.m. Fed governor Christopher Waller speaks and 10 a.m. factory orders

 

Henry’omics: We need to more than consider the market’s setting to grasp the micro re “our” universe of cell and gene therapy companies

  • Friday: The Dow closed UP +230.81 points or +0.47%, the S&P closed UP +47.62 points or +0.69% while the Nasdaq closed UP +203.34 points or +0.90%
  • Thursday: The Dow closed DOWN -267.50 points or -0.54%, the S&P closed DOWN -19.42 points or -0.28% while the Nasdaq closed DOWN -70.905 points or -0.31%
  • Wednesday: The Dow closed UP +129.47 points or +0.26%, the S&P closed UP +38.09 points or +0.56% while the Nasdaq closed UP +175.251 points or +0.78%
  • Tuesday: The Dow closed UP +32.26 points or +0.07%, the S&P closed UP +7.05 points or +0.10% while the Nasdaq closed UP +31.713 points or +0.14%
  • Monday was holiday
  • Last week: The S&P 500 was up +1.1%, the Dow +0.3% and the Nasdaq was up +1.5%.
  • The previous week: The S&P 500 was down -1.4%, the Dow -1.2% and the Nasdaq was down -2.1%
  • January: The S&P 500, Dow were up more than 1% and the Nasdaq had a 0.7% gain.

 

Q1/26 – Q1 February – 1 market holiday, 7 positive and 7 negative closes

  • January – 2 holiday, 2 neutral, 9 negative and 9 positive closes 

Q4:

  • December, 1 holiday, 8 positive and 12 negative closes
  • November, 1 holiday, 8 positive and 11 negative sessions
  • October, 1 neutral, 10 positive and 12 negative closes

 

Companies in my headlights – It’s your decision; I provide ideas and context

I post about “indication intelligence” looking toward investment conferences … to assist investors with insight into sector vulnerabilities and strengths.  A dictionary definition of “indicate” refers to something less than a certainty; an indication could be a signal of being oversold or overbought, a recommendation, or grounds for inferring or a basis for believing.

  • Multiple earnings coming as sector releases Qs and FY25 …
  • Conditions are unpredictable - be safe!

 

The BOTTOM LINE: Welcome to my world of defining the “grey" or should I write - white in our universe!

Markets are coming off a choppy trading session. On Friday, stocks initially rallied after the Supreme Court struck down a broad swath of Trump’s trade agenda, before pulling back and then ultimately recovering again.

Investors will look for further insight into sector earnings  

Are the dice … hot, as they say it is a “crap shoot”        

  • Keep that in mind   the latest batch of buying opportunities. If you take advantage, you have to be nimble, cutting losers quickly and not letting small winners turn into losers. <IBD>

 

The Q4 and FY25 earnings reporting cycle ….

  • Tuesday - 2/24 – AxoGen (AXGN) and Supernus Therapeutics (SUPN)
  • Wednesday – 2/25 – MiMedx (MDXG), Ionis Pharmaceuticals (IONS) and Sarepta Therapeutics (SRPT)
  • Thursday – 2/26 – Intellia Therapeutics (NTLA), Wave Life Sciences (WVE), Mesoblast (MESO), Vericel (VCEL) and BioLife Solutions (BLFS)
  • Monday – 3/2 uniQure NV (QURE)

 

Welcome to my world of defining the “grey’ in our universe!

  • I hate to be so negative or contrarian but, this is a NO spin zone and facts and truth are its products; I can always be WRONG but, I am mostly EARLY!
  • if I wanted to be liked, I wouldn’t have been an analyst/journalist.

 

February – 3rd week

  • 2/20 - Friday closed negative with 13 incliners, 26 decliners and 1 flat
  • 2/19 – Thursday closed positive with 25 incliners, 12 decliners and 3 flats
  • 2/18 - Wednesday closed positive with 30 incliners, 8 decliners and 2 flats
  • 2/17 – Tuesday closed positive with 27 incliners, 11 decliners and 2 flats
  • 2/16 – Monday was market holiday

February – 2nd week

  • 2/13 - Friday closed positive with 24 incliners, 114 decliners and 2 flat
  • 2/12 – Thursday closed negative with 7 incliners, 33 decliners and 2 flats
  • 2/11 - Wednesday closed negative with 12 incliners, 25 decliners and 3 flats
  • 2/10 - Tuesday closed negative with 19 incliners, 20 decliners and 1 flat
  • 2/9 - Monday closed positive with 23 incliners, 14 decliners and 3 flats

February began …

  • 2/6 – Friday closed positive with 35 incliners, 5 decliners and 0 flat
  • 2/5 - Thursday closed negative with 2 incliners, 36 decliners and 2 flats
  • 2/4 - Wednesday closed negative with 10 incliners, 29 decliners and 1 flat
  • 2/3 - Tuesday closed negative with 18 incliners, 21 decliners and 1 flat   
  • 2/2 - Monday closed positive with 29 incliners, 10 decliners and 1 flat

 

As the leading voice of cell and gene therapy investors; I am NOT always a doom and gloom analyst/journalist but a man who has been “there” (BUY, SELL, VC and multiple operating roles) with the gray hair and a readership following with real numbers to prove it!

  • I am more frequently right than consequentially wrong; if I wanted to be liked, I wouldn’t have been an analyst/journalist.

 

Opinions expressed are those of the author and are subject to change, and not intended to be a forecast of future events, a guarantee of future results, nor investment advice. All investments are subject to risks. Investors should consider investment objectives.

Whether information or intelligence is good, bad or somewhere in between; I put into context what is relevant and useful for investors.  All investments are subject to risks. Investors should consider investment objectives.  Regulation Analyst Certification (Reg AC):

The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and it’s or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed.