📅 Market Calendar — Feb 23, 2026 – Feb 27, 2026

This is a full 5-day U.S. trading week. The macro tape is lighter, but the key checkpoints are home prices + Consumer Confidence on Tue, weekly claims on Thu, and PPI/Core PPI + Chicago PMI on Fri. Earnings is the main volatility driver: HD (Tue BMO), LOW (Wed BMO), NVDA (Wed AMC), and a Thu AMC cluster (CRWV/INTU/SNOW).

• Mon–Fri: 9:30 a.m.–4:00 p.m. ET (8:30 a.m.–3:00 p.m. CT).

Earnings timing sources: company IR pages / exchange calendars. If you’re trading short-dated options, confirm the final timestamp on issuer IR the day prior.

The U.S. macro calendar is lighter this week, but it still has market-relevant checkpoints: home prices (Case-Shiller + FHFA) and Consumer Confidence on Tuesday, weekly claims on Thursday, and PPI/Core PPI plus Chicago PMI on Friday. With fewer “tier‑1” releases, expect earnings and Fed speak to do more of the incremental pricing work.

*Times note: BoE publications are set for 12:00 London; ECB “decision + press conference” is typically early afternoon CET. Confirm on official calendars.

• Base case: This is a “lighter data” week, but Tuesday’s confidence + home-price prints and Friday’s PPI can still move the front end — especially with heavy Fed speak.
• Volatility controls: Define risk into Wed AMC (NVDA) and Thu AMC (CRWV/INTU/SNOW) and respect Fri 8:30a ET (PPI/Core PPI).
• Data caveat: A handful of releases remain in shutdown-recovery mode; confirm dates/times on primary calendars for last-minute revisions.

Cross-asset conditions matter as much as the headline calendar this week. Monitor the rates complex, USD, and energy/industrial inputs as tariffs and geopolitical risk filter into prices.

• USD strength can compress risk appetite and pressure commodities/EM; a softer USD often lifts cyclicals and metals.
• Global data: Late‑month inflation/sentiment prints (US PPI/confidence, plus key Europe/Asia releases) can move term premia and FX—and spill back into U.S. duration equities.

• Oil: sensitive to Iran headlines and Venezuela operational risk; watch crack spreads and shipping/insurance headlines.
• Industrial inputs: tariffs can reprice raw materials quickly; CPI components and survey price gauges are a key cross-check.

• Shutdown/reschedule risk: Some releases remain in post-shutdown catch-up mode; confirm final timestamps for housing, manufacturing, and inflation data on official calendars before trading event risk.
• Market implication: With rescheduled releases, the market can overweight retail sales, claims, and earnings guidance—often amplifying swings.

• Iran / Gulf: Tehran signaled it is examining diplomacy with the U.S., while Washington has increased regional posture and warned it may use force if talks fail—an oil- and shipping-sensitive setup.
• Greenland / Arctic: The Trump administration has continued to press its goal of controlling Greenland; Danish/European leaders have pushed back, framing the issue as sovereignty and transatlantic stability.
• China / Taiwan Strait: China’s military said it monitored U.S. vessels transiting the Taiwan Strait in mid‑January, underscoring persistent flashpoint risk for defense and semis.
• Venezuela: The U.S. operation to capture Nicolás Maduro and subsequent actions targeting Venezuelan oil exports keep Latin America risk elevated; Russia has condemned the U.S. move.

• Europe: European officials have signaled “red lines” on Greenland sovereignty even as they seek to keep trade channels open; markets watch for retaliatory steps if tariff threats broaden.
• Canada: Ottawa is caught between U.S. tariff threats and potential trade arrangements with China; tariff headlines are already feeding into cost pressures and export softness in Canadian data.
• U.S. macro feedback loop: Tariff-driven input cost pressure can show up in inflation prints and survey pricing components—raising the odds of higher-for-longer rates if sustained.

• Volatility + flows: NVDA (Wed AMC) and the Thu AMC software/AI cluster can force systematic repositioning; watch dealer gamma into Fri 8:30a ET (PPI/Core PPI).
• Defined risk: Use spreads/collars to manage event-driven gap risk rather than naked exposure into clustered catalysts.

• Macro is “small but sharp”: Consumer Confidence + housing prices (Tue) and PPI/Core PPI (Fri) are the main macro volatility windows; claims (Thu) is the weekly check-in.
• Earnings are the tape: HD/LOW frame the consumer + housing read-through; NVDA is the AI bellwether; CRWV/SNOW/INTU add a second layer of AI cloud + software signal.
• Policy is a live variable: Tariff headlines and geopolitical risk can reprice inflation expectations and energy/rates risk premia, even on a light data slate.
• Operational note: Confirm schedule changes on official calendars; rescheduling surprises can dominate thin liquidity windows.