Mad Hedge

HOT TIPS

February 19, 2026

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The Entry Level Service for the Mad Hedge Fund Trader

The Five Most Important Things That Happened Today

(and what to do about them)

Supreme Court Tariff Decision May be Out on Friday.

If not this Friday, then certainly the next one. If they rule against tariffs, the US economy will be put through a meat grinder once again, and stocks will dive. The US national debt will rocket. Oh, and you, the consumer, are owed $500 million.

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US Trade Deficit Explodes.

The U.S. trade deficit swelled in December, closing out a year in which the imbalance was essentially unchanged despite efforts by the Trump administration to close the wide gap. Closing out a tumultuous year in the global marketplace, the goods and services in December totaled $70.3 billion, the Commerce Department reported Thursday. That marked an increase of $17.3 billion from November and was well above the Dow Jones consensus estimate of $55.5 billion.

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Weekly Jobless Claims Plunge.

The number of Americans filing new applications for unemployment benefits fell more than expected last week, consistent with a stabilizing labor market. Initial claims for state unemployment benefits dropped 23,000 to a seasonally adjusted 206,0000 for the week ended February 14, the Labor Department said on Thursday. Economists polled by Reuters had forecast 225,000 claims for the latest week. Last week's drop marked a significant decline in claims since they jumped to 232,000 at the end of January.

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Solar Abandons Silver,

as costs soar. Copper is much cheaper. Solar panel producers are intensifying efforts to replace silver with alternatives such as copper after silver rallied 130% over the past year, squeezing margins already under pressure from production overcapacity, particularly in China. Silver is the greatest contributor to the increased cost of manufacturing solar panels. The cost of solar panels has increased 7-15% over the last 12 months.

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Pending Home Sales Dive.

Contracts to purchase previously owned U.S. homes unexpectedly fell in January, with realtors blaming low housing inventory. The pending home sales index dropped 0.8% last month to 70.9, the National Association of Realtors said on Thursday. Economists polled by Reuters had forecast contracts, which become sales after a month or two, rising 1.3%.

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Published today in the Mad Hedge Global Trading Dispatch, the Mad Hedge Technology Letter, the Mad Hedge Biotech and Health Care Letter, the Mad Hedge AI Letter, and Jacquie’s Post:

 

Global Trading Dispatch

(THEY’RE NOT MAKING AMERICANS ANYMORE)

 

Mad Hedge Technology Letter

(EXPENSIVE ENERGY A BIG WORRY)

(AI)

 

Mad Hedge Biotech & Health Care Letter

TEACHING CATS TO DO YOUR TAXES

(MRNA), (GSK), (PFE), (MRK)

 

Mad Hedge Jacque's Post

(THE SILVER STORY IS CURIOUS NOW)

 

Mad Hedge AI

(A 26-YEAR WAIT AND WHY PATIENCE STILL MATTERS)

 

I Think I See a Trade Alert

 

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