Halftime Report The Stock Selloff 12/30/24
Dec 30, 2024
Joe Terranova, Bryn Talkington, and Rob Sechan join the discussion with their sharp insights as investment committee members. They dive into the December stock sell-off, emphasizing caution for year-end investing. The guests analyze the strength of the dollar and its effects on Q4 earnings, while balancing concerns about tech giants like Microsoft. They discuss the upcoming year’s market trends, housing challenges, and investment opportunities, concluding with an optimistic outlook on certain stocks as they prepare for 2024.
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Market Outlook
- The next eight to twelve weeks in the market will be difficult to predict, not necessarily in terms of price, but in terms of gaining confidence in a particular direction.
- Focus on identifying individual stocks for potential alpha during this period.
Momentum Shift
- The S&P 500 is showing its first weekly sell signal since September, according to BTIG's Jonathan Krinsky.
- High-beta momentum stocks have broken their uptrend, warranting caution into January.
Year-End Weakness as Opportunity
- Tom Lee suggests that year-end weakness is positive for 2025 gains.
- He believes the "buy the dip" strategy remains profitable, citing fundamental tailwinds from the Fed and White House.