Closing Bell Closing Bell Overtime: 2/11/26
28 snips
Feb 11, 2026 Steve Grasso, market trader who focuses on sector moves and stock selection, and Kate Rogers, CNBC correspondent covering corporate earnings, dive into market rotation, energy strength, and McDonald's strong results and after-hours reactions. They discuss hardware versus software shifts, oil-driven leadership, and what recent earnings moves mean for investors.
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Rotation Toward Hardware And Energy
- The market is rotating from software to capital-intensive hardware and energy names driven by AI and undercapacity.
- This shift highlights investor preference for tangible assets as AI boosts demand for data center and semiconductor infrastructure.
Tilt Toward Real Assets
- Lean into industrials, energy, materials and real assets rather than chasing the mega-cap software names.
- Take a toehold in energy while fading some Mag Seven and high-multiple software exposure.
Jobs Slowing Doesn’t Force Cuts
- Slower job growth with low immigration and an aging workforce lowers the jobs pace needed to keep unemployment steady.
- The Fed uses unemployment to gauge labor-market balance, reducing urgency to cut rates quickly.