Halftime Report Counting Down to the Fed Rate Decision 12/10/25
Dec 10, 2025
Anticipation builds for a pivotal Fed decision as the team discusses potential impacts on market yields. Debates about the implications of a hawkish cut and its pricing take center stage. Exciting catalysts like Oracle and Broadcom are explored, potentially pushing stocks higher. The panel considers the robo-taxi threat from Waymo and evaluates the growth dynamics of AI giants. They also unpack sector rotations and share their top stock picks, including Regeneron and Booking, closing with strategic portfolio insights.
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Yields Rise Even During Cutting Cycles
- Yields have risen after every Fed cut since September, so rising yields during cuts are not unprecedented.
- We're still far from the 4.50% 10-year threshold Liz Thomas calls scary for equities.
Market Has Priced In A Hawkish Cut
- The market appears to have priced in a hawkish cut and is positioned for a rally into quarter-end.
- Joe Terranova expects bulls to be excited and will trade the long side toward recent highs.
2026 Guidance Matters More Than Today's Cut
- The immediate market impact depends more on Fed verbiage about 2026 than the single rate move today.
- Outlook language into next year will matter far more than the cut itself.