Closing Bell Closing Bell Overtime: Winter Weather Impact; Blackrock Private Debt Fund Rocked 1/26/26
Jan 26, 2026
John Belton, portfolio manager at Gabelli Funds, on big tech valuations and CapEx tradeoffs at companies like Meta and Apple. Seema Modi, CNBC reporter, on notable stock movers and analyst actions. They cover tech earnings, metal and natural gas moves from the storm, small-cap strength versus mega-caps, and a BlackRock private credit writedown.
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Minnesota Shooting Reignites Shutdown Risk
- A weekend shooting in Minnesota changed the political math and made a DHS funding vote much harder for Senate Democrats.
- That increases the risk of a partial government shutdown affecting many agencies if negotiators can't split the package.
Why Small Caps Are Leading
- The Russell 2000's outperformance reflects easing rate expectations and improving earnings revisions for cyclical small caps.
- Continued Fed cut expectations would likely sustain that small-cap leadership as valuation gaps compress.
Burry's GameStop Move
- Michael Burry disclosed buying GameStop but stressed he doesn't expect a meme squeeze, citing operational value under Ryan Cohen.
- The move revived interest in monetizing collectibles and management-driven turnaround potential.
