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Closing Bell

Closing Bell: Sector Smackdown 2/13/26

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 13 February 2026

⏱️ 43 minutes

🧾️ Download transcript

Summary

Is this day by day, sector by sector smack down justified or well overdone? We discuss with Anastasia Amoroso’s of Partners Group. Plus, 3Fourteen Capital’s Warren Pies tells us why he downgraded equities to neutral. And, venture capitalist and sports investor Rashaun Williams reacts to CNBC’s just-released NBA valuations list.

Transcript

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0:00.0

All right, guys, thanks so much. Welcome to closing bell. I'm Scott Walker, live from Post 9, here at the New York Stock Exchange. This maker breakout begins with the AI upset, whether it is time to buy some of the most busted up stocks. We'll ask our experts over this final stretch. As stocks continue to fight their way back today, the major averages began picking up late morning, nicely green, as you see across the board, though, we still are a little volatile as the day today. The major averages began picking up late morning, nicely green, as you see across the board,

0:22.2

though we still are a little volatile as the day progresses. The markets did get some relief

0:27.6

today from a cooler than expected CPI print. That sent yields lower. Also perhaps put the Fed

0:33.7

back in play for some rate cuts, so a bit of a better tone overall.

0:41.7

Some of the banks have come back too, and that's been key to the market turning.

0:47.6

Goldman Sachs and J.P. Morgan are both well off of their early morning lows, and that is helping.

0:52.3

We're still, of course, on AI disruption watch with several areas hard hit this week.

0:55.2

Many of those are trying to bounce as well, and we'll keep an eye on them as we head towards the end of trading today. It takes us to our talk of the tape.

1:00.6

Is this day by day, sector by sector smackdown justified or now well overdone? Let's ask

1:06.5

Anastasia Amoroso. She is chief investment strategist for the partners group with me here at post-9, once again.

1:12.5

Good to see as well. What do you make of the way this market's traded this week?

1:16.8

Well, I think, obviously, it's been a turbulent week, and there's been this rolling AI scare.

1:21.1

And you know what? I would say rightfully so, because any data or any business, I should say,

1:25.8

that was based on data collection and data processing,

1:28.8

across a variety of industry, should be rightfully so scrutinized.

1:32.7

You know, having said that, you know, is it right to sell all software?

1:36.1

Is it right to sell all sectors, regardless of what their true exposure to AI is?

1:40.9

I don't think so.

1:41.8

So I do think that's what investors are doing today. They're being a

1:44.8

little bit more discerning and they're stepping into certain areas. It's been a systematic takedown,

1:50.1

hadn't it? Like if we let's put up that wall guys that we've been showing throughout much of the

1:53.9

day, a timeline really of the takedown of all these different sectors. You look at it right here.

...

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