Halftime Report The Pullback Playbook 11/6/25
Nov 6, 2025
Joe Terranova, a market strategist focused on momentum and macro rotations, discusses how momentum is shifting towards quality stocks amidst a market pullback. Jenny Harrington, a portfolio manager, advises on de-risking strategies, citing consumer dynamics and sector allocations. Jason Snipe shares insights on biotech's performance and offers trade ideas, while Bryn Talkington critiques Tesla's shareholder vote and the influence of retail investors. The conversation also touches on potential impacts of recent policy announcements on consumer spending.
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Momentum Is Slowly Rotating To Quality
- Momentum in markets can turn slowly like a battleship, shifting from risk assets to quality names over weeks.
- Joe Terranova notes this shift began in macro assets (dollar, gold, crypto) and is moving into individual equities.
Trim Froth, Don’t Go All Bearish
- Take some profits and de-risk modestly when the market looks peaked instead of switching fully bearish.
- Jenny Harrington recommends trimming exposure to frothy, high-flying areas and moving cautiously.
Aggregate Strength Hides Sector Weakness
- Aggregate market data can mask weakness in specific sectors and consumer cohorts.
- Jenny Harrington warns disaggregated data shows pockets of recession and consumer strain beneath good headline numbers.