Halftime Report Is the Rally on Solid Ground? 11/4/25
Nov 4, 2025
Josh Brown, CEO of Ritholtz Wealth Management, shares keen market insights, emphasizing gold miners like Newmont as solid investments. Joe Terranova, a veteran trader, discusses the implications of CEO warnings on potential market corrections and highlights Broadcom and AMD in the semiconductor sector. Jim Labenthal focuses on Palantir's mixed earnings and high valuation concerns, debating whether its fundamentals justify the price. The trio explores underlying market weaknesses amid AI trends and the influence of energy costs on mining profitability.
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Dips Are Being Bought Into Year-End
- Dips are likely to be bought from now through year-end due to cash on the sidelines and institutional players chasing performance.
- Jim Labenthal observes that even small market pullbacks attract substantial buying pressure as managers try to catch up to benchmarks.
Narrow Rally Masks Broad Corrections
- The current market action is a market-wide correction masked by mega-cap resilience; many individual stocks are already deep in corrections.
- Josh Brown shows breadth weakness: 31% of S&P names are >20% below 52-week highs and 62% are below their 50-day.
Palantir: Fundamentals Fine, Valuation Questioned
- Palantir delivered strong fundamentals but faces valuation scrutiny that is driving the stock down despite execution.
- Panelists note the debate centers on how much growth is already priced in, not on the health of the business.
