Halftime Report The Fate of the Momentum Trade 2/26/25
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Feb 26, 2025 
Joe Terranova and Liz Young-Thomas, both savvy financial analysts, join tech visionary Elon Musk, CEO of Tesla and SpaceX, for a riveting conversation. They dive into Nvidia's impending earnings report, muzzling market volatility, and what it means for momentum trading. The trio also explores the robust growth in healthcare and the airline industries, alongside the ramifications of rising consumer costs amid geopolitical tensions. Musk shares insights from a recent cabinet meeting, touching on tariffs and fresh immigration proposals that could reshape the economic landscape.
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Momentum Trade Uncertainty
- Momentum stocks, including Palantir and CrowdStrike, are bouncing slightly after a significant drop.
- This doesn't confirm their return to market leadership, as losses in key names like Applovin signal continued weakness.
Applovin's Decline
- Applovin, a momentum stock in the Jyoti ETF, has dropped significantly.
- While a near-term bottom is possible due to increasing volume, a return to previous highs isn't guaranteed.
Retail Exodus from Momentum Stocks
- Retail investors are leaving momentum stocks, contributing to the 'mopocalypse,' as described by Chris Harvey.
- This is due to multiple expansions based on feelings, not strong fundamentals, and the market needs to correct PEs.