Closing Bell Closing Bell: The Tech Takedown… and Turnaround 2/9/26
Feb 9, 2026
Bill Miller IV, CIO and chairman of Miller Value Partners known for active, crypto-friendly investing. He discusses where Bitcoin might find a bottom and defends crypto versus gold. Conversations also cover the AI-led tech rebound, shifting market breadth away from pure tech, and whether software has hit peak uncertainty.
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Market Rally Is Broadening Beyond Mega Caps
- The market is broadening beyond mega-cap tech with energy, staples, and regional banks leading recent gains.
- Dan Greenhouse and Shanali Basak say winners will emerge but investors must be selective amid choppy action.
Market Can Stand Without All Mega Caps
- The S&P can hold up even if MAG7/AI leadership falters because other names like Google and Meta offset weakness.
- Mike Santoli notes the market's resilience despite a dramatic software sell-off.
Monitor Key Macro Releases This Week
- Watch this week's macro data — jobs, retail sales, and CPI — to gauge whether growth reacceleration continues.
- Shanali Basak says GDP and earnings strength set the stage, but data will be critical.