Halftime Report The Tech Sector’s New All-Time High 6/25/25
Jun 25, 2025
Steve Weiss and Joe Terranova, both members of the investment committee, join Brian Belski, Chief Investment Strategist at BMO Capital Markets. They dive into the tech sector's surge to new heights, fueled by key players like NVIDIA and AMD. The conversation highlights the S&P 500's milestones and the resilience of markets amidst fluctuating commodity prices. They also discuss the growing economic indicators benefiting airlines and the implications for the Federal Reserve's policies, making for an insightful analysis of current investment trends.
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Tech Drives Market Highs
- The tech sector, particularly the MAG 7 stocks like Nvidia, Microsoft, and Palantir, is driving the market to new highs.
- Old technology companies are seeing a resurgence, highlighting tech's broad strength now.
Beyond Tech: Broader Market Strength
- Financials, industrials, and utilities are also near record highs, showing breadth beyond tech.
- High valuations near 28 times earnings may limit further market gains, suggesting potential selling pressure ahead.
Respect Market Tape, Stay Bullish
- Respect the market tape and current price action; stay bullish in the face of some macro uncertainties.
- Ride the speculative wave including AI investments while monitoring developments on the tariff front.