Halftime Report Strong GDP and Stocks 12/23/25
Dec 23, 2025
Josh Brown, CEO and investment expert known for his insights on markets, discusses the implications of a strong GDP print and its potential effects on stocks. He argues that high global rates could persist without derailing the bull market. Jenny Harrington, an investment strategist specializing in dividends, shares her top picks for 2026, highlighting Amcor and Bristol Myers as solid options. The panel also debates the future of human versus robo-advisors and examines the current market landscape amidst financial volatility.
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Higher Rates Might Be The New Normal
- Global interest rates are structurally higher than the post-crisis zero-rate era and may settle around 3–4% on longer maturities.
- Stocks can still rally in a higher-rate world if earnings and productivity justify valuations.
GDP Beat Boosts Earnings Outlook
- Strong Q4 GDP beat (4.3%) was driven by consumption, productivity, and savings, implying healthier earnings prospects.
- Jenny Harrington expects mid- to low-teens earnings growth next year if revisions move higher.
Position For Higher Rates: Stick To Quality
- If rates stay elevated with low bond volatility, favor large-cap, high-quality names and big money-center banks.
- Prioritize balance-sheet strength and stable earnings when planning for a higher-rate regime.