Halftime Report Reassessing the Rebound 5/9/25
May 9, 2025
Jim Labenthal, Brenda Vingello, and Steve Weiss from the Investment Committee dive into the recent stock market rebound and debate its sustainability. They share insights on Target's fluctuating stock amid changing consumer trends, contrasting it with Walmart. The discussion also touches on Palantir's shift from government contracts to commercial strategies and the ongoing implications of U.S.-China trade negotiations on market sentiment. Finally, they explore intriguing dynamics between Bitcoin and gold, highlighting differing investment views.
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Market Pausing on Tariff Progress
- The market's 16-17% rebound from April lows might be pausing due to unresolved trade tariff uncertainty.
- Markets seem willing to overlook short-term damage if meaningful tariff progress is made soon.
Trim and Diversify During Volatility
- Investors should take advantage of recent market volatility to trim profitable positions.
- Maintain portfolio diversification, including exposure to strong-performing international stocks.
Tariff Uncertainty Dampens Market Rally
- Tariff uncertainty remains high; markets are muted because 80% tariffs are still too much.
- CEO and consumer fears persist even if incremental deal headlines emerge.