Halftime Report The Run to New Highs 5/14/25
May 14, 2025
In this discussion, Steve Weiss, Joe Terranova, and Bryn Talkington unpack the market's surge to new highs amid easing inflation worries. They dive into tactical shifts toward growth sectors like technology, spotlighting stocks like NVIDIA and Amazon. The trio evaluates the IPO landscape, including eToro and Chime, and shares insights on Robinhood and UnitedHealth. With recent volatility in the bond market, they recommend maintaining strategic positions and highlight investment opportunities in Walmart and municipal bonds.
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Market Shifts To Offense
- The market is shifting from defense to offense as buybacks open and bearish sentiment wanes.
- Previously unloved sectors like semiconductors and Magnificent Seven stocks now lead the rally.
No-Known Market Environment
- The current environment is "no-known" with better set-up than February, aided by a 90-day U.S.-China trade reprieve.
- Some stocks are frothy after recent moves; broad market rally is expected to continue but with limited gains in some names.
Weiss Trades Amazon and NVIDIA
- Steve Weiss sold Amazon and NVIDIA at highs and bought them back down near lows in late April and early May.
- He uses trading opportunistically while maintaining core positions in other tech names.