Halftime Report The Road to Record Highs 5/20/25
25 snips
May 20, 2025 
Josh Brown, CEO of Ritholtz Wealth Management, alongside Jim Lebenthal, Stephanie Link, and Brian Belsky, dives into the current market dynamics. They discuss the recent stalling in stock growth and the impact of bond performance. The conversation highlights resilience, driven by retail investor trends and corporate buybacks. They also explore the implications of new tax bills on tech stocks like Tesla and Amazon while emphasizing the crucial role of AI in investments. Strategies from Home Depot and Lowe's are compared, revealing insights into the housing market.
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Economic Strength Fuels Market Rally
- Economic strength with 2.3% Q2 growth and 12% earnings increase drives market momentum.
- A broad-based rally even amid overbought conditions signals resilience in stocks.
Market Breadth Confirms Rally
- The market breadth is healthy with high percentages of stocks above major moving averages.
- Despite political or macro concerns, broad-based stock buying confirms rally strength.
Retail and Buybacks Support Market
- Retail investors and corporate buybacks are significant buyers, supporting the market.
- Corporate buybacks surged 24% in Q1, reinforcing stock demand.