Closing Bell Closing Bell Overtime: Fed Minutes Rattle Markets, Consumer Earnings Roll & Walmart Looms 2/18/26
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Feb 18, 2026 
Phil LeBeau, business reporter covering Carvana results and metrics. Steve Kovach, technology reporter tracking big tech moves. They discuss Fed minutes rattling markets. They cover Carvana’s Q4 figures and trade reactions, plus tech and software movers, after-hours earnings and a Walmart preview. Short takes and fast market color throughout.
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Meta-NVIDIA Deal Lacks Details
- Steve Kovach links NVIDIA and Meta's extended partnership to Meta buying millions more NVIDIA AI chips.
- He notes the press release lacked detail, leaving uncertainty about the deal's substance.
Rotation From Momentum To Value
- Omar Aguilar sees the market rotating from momentum tech into cyclicals, small caps, and international stocks.
- He believes macro remains resilient and the Fed easing path is likely, so rotation reflects valuation repricing not economic weakness.
Valuation Is Back In Charge
- David Bahnsen highlights valuation as the key recent market driver and that low-valuation sectors are outperforming.
- He warns valuation matters again and investors should favor lower-valuation cyclicals and defensives over speculative names.