Halftime Report The Record Setting Rally 6/27/25
Jun 27, 2025
Brian Belski, a key member of CNBC's Investment Committee, and Stephanie Link, also from the Committee, dive into the latest stock market rally with both the S&P and Nasdaq reaching new highs. Belski stands firmly behind his ambitious $6,700 target for the S&P. They analyze the market's low volatility and investor FOMO, discuss Nike's stock surge post-Fiscal Q4, and explore the dynamics in the tech sector, cybersecurity advances, and shifting institutional investments, ensuring to highlight the notable movements of major companies like Tesla and Uber.
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FOMO in Mid-cap Growth Stocks
- The market rally has been driven by a basket of hyper growth mid-cap stocks.
- Index level returns remain benign, showing broad but controlled growth.
Financials Set to Outperform
- Strong second quarter earnings expected for financials due to high trading volume and wealth management.
- Financials' recent outperformance is likely unaided by institutional underweight, signaling catch-up potential.
Reassess Stocks After Big Moves
- Regularly re-underwrite stocks after big gains to avoid overvaluation.
- Avoid getting emotionally attached to stocks during parabolic moves.