Halftime Report Stocks on Five-Week Losing Streak 3/30/26
Mar 30, 2026
Kerry Firestone, Investment Committee participant who discusses sector rotation and stock calls. Joe Terranova, portfolio manager offering trading perspectives and specific picks. Stephen Weiss, veteran Wall Street trader sharing market views and trade ideas. They talk market losses and bond selloffs, oil topping $100 and its earnings impact, tech leadership shaken, hedge fund selling and capitulation signals, and defensive names to consider.
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Oil Above $120 Could Force Earnings Reset
- Sustained oil above $120 would likely trigger a recession and cut corporate earnings materially.
- Joe Terranova warns oil-fed recession risks would reduce earnings and argues buying around 17x earnings could be attractive if recession is avoided.
Hedge Fund Selling Near Extreme Levels
- Hedge funds have been heavy sellers but signs of capitulation may be emerging as selling approaches extremes seen in 2020.
- Scott Wapner cites Goldman data showing six straight weeks of hedge fund net selling at near-decade extremes.
Hold Core Big Tech Positions Through Volatility
- Consider holding core positions in high-quality tech names despite recent weakness because they offer cash flow and optionality.
- Surat Sethi and Stephen Weiss recommend retaining Microsoft and Alphabet exposure while trimming overbought positions like Microsoft slightly.