Stocks Higher After President Trump Announces Preace Framework with Iran: Your Next Move 6/15/26

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**Scott Wapner** (1:00)
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Carl, thanks. Welcome to the Halftime Report. I'm Scott Wapner, front and center this hour. Higher stocks, we discuss and debate what to do with your money if the war really is coming to a close now. Joining me for the hour today, Joe Terranova, Steve Weiss, Rob Seachen. We'll take you to the markets. Obviously have a pretty strong day developing here at 12 noon. We're nicely up. Nasdaq's up about 3%, so a huge rebound in the tech trade. Nasdaq is only 2% off of its record high with the rally we've seen. The S&P is only about 2 thirds of a percent from its own high. What do we do now?

**Joe Terranova** (1:49)
Well, last Tuesday through Thursday, we were discussing the defensive nature of the market and was something bigger unfolding. Were we at an inflection point? Had we seen this parabolic move in technology? Was that the alarm signal that the market had reached a high for the year? And very quickly, we've recovered from that. Let's keep in mind, we've recovered from Oracle's earnings.
We flawlessly executed this SpaceX IPO on Friday. You have the news this weekend as it relates to energy.
Listen, the energy story, people that have invested in energy, the XLE since March 1st, you're basically unchanged. And I think what that's going to do is, that's going to push so much capital into where the earnings growth is, which is technology itself. So I think what's unfolding right now in front of our very eyes is you had a really significant correction in technology, and I think capital is going to go right back into that sector. I think it's going right back into the momentum factor itself. And I think you want to ride along with it, because I don't think anything is going to obstruct it, like the Fed meeting on Wednesday.

**Scott Wapner** (2:54)
So are we all good now if this framework actually turns into a signing, and then we can actually see text and just see what the substance of all of this is? Mike Wilson and Morgan Stanley says bull market is intact. Their conviction in it is still intact.
Bespoke says 76.2 is a level to watch today. So, some of the moves that you put on today suggest that yes, that yes, you think we're kind of back to where we were. You bought more Micron and you bought Broadcom.

**Steve Weiss** (3:29)
Yep, I did. I brought Broadcom back. As you recall, I bought it on the day that it sold off on earnings, which I didn't think was the right move for the stock. I got stopped out pretty quickly.
The market was challenged at that point. I actually got a better price now. So I'd say this is an intermediate trade. The fundamentals look good. The stock's not expensive. It's been expensive for so long. But if you look for next year's earnings, it's not.
I add it to Micron because I believe that Trump was looking for an off ramp. The details were sketchy. They're still sketchy. We just don't know. But it doesn't matter. It could be the worst deal in history. The market only wants surety that a deal that war is coming to an end.

**Scott Wapner** (4:18)
The market doesn't care. You're very right.
The market doesn't care whether this deal or how different it is. Is it better? Is it worse than the Obama or Iran? The market doesn't care. It doesn't care about any details. Let's see the strait open, oil down, and get back to business of leaning into the strong earnings and a still really resilient economy. Is that correct?

**Steve Weiss** (4:42)
Exactly. So that's my point. So because of that, and I added Micron, my position, Micron, it's my biggest position, but I added to it because of the beta. So this stock has been trading up and down 100 points a day based upon what the news flow is. So I thought I'd capture some of that.