Halftime Report The Final Month of Trade for 2025 12/1/25
Dec 1, 2025
Joe Terranova, known for his cautious macro views, joins bullish strategist Jim Labenthal and tech/AI expert Bryn Talkington to dissect December's historical stock performance. They explore the implications of rising yield on market rallies, debate sector dynamics, and highlight the dispersion in big tech, with Alphabet shining while NVIDIA struggles. The trio also shares insights on major earnings reports and discusses bullish strategies for casino stocks and energy. Finally, they offer their final stock picks for the year.
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December Seasonality And Caution
- December is historically positive and often sees a year-end broadening of gains in the market.
- Joe Terranova cautions that near-term yield moves and global liquidity could limit repeat performance into 2026.
Trim Risk; Favor Defensive Sectors
- Be cautious adding risk in December and consider defensive exposures like health care and precious metals.
- Joe Terranova recommends trimming enthusiasm despite a strong YTD showing and watching yields closely.
Fed Actions Could Broaden Rally
- Jim Labenthal finds the 10-year near 4.09% comforting and sees Fed easing plus QT halt as supportive.
- He expects those forces to broaden the market rally into year-end and help cyclical sectors.