Trade Deficit Expands Further in December

Published on February 19, 2026

The U.S. trade deficit expanded further in December, growing 33% to -$70.31B after an 85% increase in November. The latest reading missed the forecast of -$55.50B.

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Philadelphia Fed Manufacturing Index: Activity Expanded in February

February 19, 2026
The latest Philadelphia Fed manufacturing index showed activity expanded in February, with the index rising 3.7 points to 16.3. The latest reading marked the highest reading for the index since last September and was better than the forecast of 7.5.

Emerging Market ETFs: Human Focus Outperforms

February 19, 2026
Emerging market ETFs are back in focus. Two of the ten largest U.S.-listed ETF inflow winners year-to-date are broad EM funds. As expected, low-cost passive strategies continue to dominate flows, although they don’t always lead on returns.