Halftime Report The Set-Up for Stocks 10/21/25
Oct 21, 2025
Stephanie Link, a savvy portfolio manager, discusses the implications of economic trends on stock performance. Joe Terranova dives into the nuances of credit markets and the quality versus momentum debate. Jim Lebenthal shares his investment philosophy with a personal touch, highlighting his Cleveland-Cliffs purchases and drawing agricultural analogies. They also tackle pressing issues like the dynamics of private credit, the resurgence of old economy stocks, and the competitive landscape for tech giants like Apple and Google.
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Earnings, Economy, And Rate Cuts Fuel Rally
- Market strength is driven by a growing economy, strong earnings, and expectations of Fed rate cuts.
- Jason Snipe and Stephanie Link highlight breadth improving beyond MAG7 into the rest of the market.
Gold Pullback Is A Healthy Correction
- Precious metals saw excessive speculation and a healthy correction driven by options and volatility.
- Joe Terranova advises using the pullback to consider allocating to gold as the secular bull market remains intact.
Avoid Selling Into The Rally
- Expect the market to keep climbing into year-end and avoid large tactical sell-offs.
- Jim Lebenthal says professionals buy dips and retail investors avoid realizing gains, which supports further rallies.