Scott Wapner and the Investment Committee debate how they&#x27;re setting up their portfolios for the second half of the trading year. Plus, we hit the latest Calls of the Day. And later, we&#x27;ve got an Options Action triple play on Crypto, China tech and Meta.<br><br>Investment Committee Disclosures<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Second Half Setup for Stocks 7/1/26

Halftime Report

# Full Transcript

**Podcast:** Halftime Report

## Participants

- **Scott Wapner** (CNBC)
- **Joe Terranova** (CNBC)
- **Steve Weiss** (CNBC)
- **Brian Belsky** (BMO)
- **Brynn Talkington** (Requisite Capital Management)

## Transcript

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[SPEAKER_05] I'm Scott Wapner, and you're listening to CNBC's Halftime Report, the podcast, the most profitable hour of the trading day. We record this live weekdays at 12 Eastern. Listen in. Thanks, guys. Welcome to the Halftime Report. I'm Scott Wapner, front and center of this hour, second half strategy. Stocks looking to extend their record run. Joining me for the hour to discuss and debate, Joe Terranova, Steve Weiss, Brian Belsky, Brynn Talkington. Check the markets here.

[SPEAKER_05] We have the Dow, the S&P, the Russell are in the green. NASDAQ's a little bit red. Dow just clocked its best first half since 21. Made a new closing high yesterday, as you know. Russell's best first half since 1991. Let's give you the scorecard here, show you what we've done. Year to date, Dow's up 9 percent. S&P's up 10. NASDAQ up 13. Russell up 22. So that's the scorecard, if you will. And history is on the bull side.

[SPEAKER_05] In July, the S&P 500 hasn't had a negative July since 2014. How about that?

[SPEAKER_07] Mr. Terranova? Well, I think that is going to be the theme for the remainder of 2026, the continuation of what is a bullish trend. What is interesting about today is if you had the advanced knowledge that semiconductors would be down 4 percent, the advanced knowledge that AI infrastructure would be down near double digits, whether it's your Corning, your Micron, your AMD, you would think, and you see the momentum factor down nearly 4 percent, you would think the market would roll over.

[SPEAKER_07] But the opportunity lies in where the underperformance ultimately has been in 26. And yes, that's taking you to three sectors like consumer discretionary, financials, which have been the laggard so far year to date. But it's also finding the opportun...

The Second Half Setup for Stocks 7/1/26

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

The Second Half Setup for Stocks 7/1/26

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.