Halftime Report Final Full Trading Week of 12/15/25
Dec 15, 2025
Joe Terranova, a seasoned market commentator, joins Shannon Sakosha, a macro analysis expert, and Steve Weiss, a trader and AI infrastructure pro, to unpack the trading landscape. They explore the sector rotation towards materials and financials, weighing in on a potential 'run it hot' economy into 2026. The discussion dives into bank M&A dynamics, consumer strength, and strategic stock trades, including insights on UNP's buy thesis and trimming AI exposure. They wrap with commentary on market optimism and potential calls of the day.
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Episode notes
Market Leadership Is Broadening
- The market is broadening beyond the MAG-7 into cyclical sectors like materials, financials, and industrials.
- Rotation reflects a shift from momentum and AI-adjacent concentration toward wider earnings growth expectations for 2026.
Run-It-Hot Thesis Underpins 2026 Earnings
- 'Run it hot' expects stronger growth and lower rates to boost earnings across the market in 2026.
- Liquidity events (tax season) and Fed growth projections underpin anticipated earnings acceleration.
Tilt Portfolios To Cyclicals And Lower Beta
- Position portfolios toward cyclical sectors with strong fundamentals like financials, industrials, and transports.
- Favor lower-beta, value-friendly areas such as health care and banks while trimming high-beta tech exposure.