DIRS.INFO The most relevant business & tech news

☆ Fitch gave both the bears and bulls that missed the rally a gift, says 248 Ventures' Lindsey Bell
▼ + stars: | 2023-08-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFitch gave both the bears and bulls that missed the rally a gift, says 248 Ventures' Lindsey BellRyan Detrick, Carson Group chief market strategist, and Lindsey Bell, 248 Ventures chief strategist, join 'Last Call' to talk the day's market action, earnings season and more.

Persons: Fitch, Lindsey Bell Ryan Detrick, Lindsey Bell Organizations: Carson Group, Ventures

☆ August could bring pullback and volatility for stock market, says Ryan Detrick
▼ + stars: | 2023-08-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAugust could bring pullback and volatility for stock market, says Ryan DetrickRyan Detrick, Carson Group chief market strategist, joins 'Closing Bell' to discuss his shaky summer seasonality outlook for the markets.

Persons: Ryan Detrick Ryan Detrick Organizations: Carson Group

☆ The Dow's longest win streak since 2017 is another sign that suggests there is no recession in sight
▼ + stars: | 2023-07-25 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The Dow Jones Industrial Average is in its longest win streak since February 2017. Carson Group's Ryan Detrick observed that win streaks from the Dow suggest there is no recession in sight. Blue chips were higher three months later 100% of the time, delivering an average gain of 5%. They were also up six months later 100% of the time, delivering an average gain of 11%. And 12 months later, they were up 80% of the time, delivering an average gain of just over 8%.

Persons: Carson Group's Ryan Detrick, Dow, Ryan Detrick, Dow Jones, Detrick Organizations: Dow Jones, Dow, Service, Microsoft, Carson Group Locations: Wall, Silicon

☆ The blast of strength we are seeing in the Dow is meaningful, says Carson's Ryan Detrick
▼ + stars: | 2023-07-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe blast of strength we are seeing in the Dow is meaningful, says Carson's Ryan DetrickKeith Lerner, Truist Wealth co-chief investment officer, and Ryan Detrick, Carson Group chief market strategist, join 'Last Call' to talk the Dow Jones 9-day win streak, if the market can keep this momentum and more.

Persons: Carson's Ryan Detrick Keith Lerner, Ryan Detrick, Dow Jones Organizations: Dow, Truist, Carson Group

☆ There are more positives than negatives in the economy right now, says Carson's Ryan Detrick
▼ + stars: | 2023-07-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere are more positives than negatives in the economy right now, says Carson's Ryan DetrickRyan Detrick, Carson Group chief market strategist, and Tim Quast, ModernIR president, join 'Last Call' to discuss where the economy is at as the stock market continues to plow ahead.

Persons: Carson's Ryan Detrick Ryan Detrick, Tim Quast Organizations: Carson Group

☆ Watch CNBC's full interview with Ryan Detrick and Tim Quast
▼ + stars: | 2023-07-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Ryan Detrick and Tim QuastRyan Detrick, Carson Group chief market strategist, and Tim Quast, ModernIR president, join 'Last Call' to discuss where the economy is at as the stock market continues to plow ahead.

Persons: Ryan Detrick, Tim Quast Ryan Detrick, Tim Quast Organizations: Carson Group

☆ The US consumer isn't in trouble. Here are 5 stats that show Americans will be fine even amid dwindling savings and student loan payments.
▼ + stars: | 2023-07-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

That's true even amid concerns of dwindling excess savings and the imminent resumption of student loan payments. The consumer is important to track for because about 70% of the US economy is driven by consumer spending, which relies heavily on the daily spending habits of more than 300 million Americans. Carson Group"When thinking about debt, the key question is whether households are able to service that debt," Detrick. Based on estimates from JPMorgan, the household debt service ratio at the end of the second quarter was 9.7%. Strong spending trends.

Persons: Carson, Ryan Detrick, it's, that's, Detrick Organizations: Service, Carson, JPMorgan, JPMorgan Consumers Locations: Wall, Silicon

☆ Secret Services ends White House cocaine investigation with no leads
▼ + stars: | 2023-07-13 | by ( Kelly O'Donnell | Rebecca Shabad | ) www.cnbc.com time to read: +6 min

The Secret Service investigation has concluded with no usable forensic or video evidence to identify the individual responsible, three Secret Service officials familiar with the investigation tell NBC News. The Secret Service received results Wednesday from tests conducted by the FBI, "which did not develop latent fingerprints and insufficient DNA was present for investigative comparisons," according to an official statement from the Secret Service released Thursday. "The presence of illegal drugs in the White House is unacceptable and a shameful moment in the White House's history." White House officials noted the Biden family was not at the White House when the cocaine was discovered; the president and his family had left for Camp David for the holiday weekend Friday and did not return to the White House until Tuesday, July 4th, after the cocaine had been discovered. The individuals were notified they could not bring the marijuana to the White House campus, the officials said.

Persons: Biden, Jake Sullivan, Karine Jean, Pierre, Jean, James Comer, Kimberly Cheatle, Comer, Camp David, Pierre said, it's Organizations: Service Police, Lafayette, Service, NBC, White, FBI, NBC News, Homeland, Capitol, West, Wing, West Wing, District of Columbia Fire Department, Department of Homeland, Camp, Secret Services, Washington , D.C, White House Locations: Washington ,, Ky, Fort Detrick , Maryland

☆ Midyear outlook: Why market history says to expect 'outsize' performance in the second half of 2023
▼ + stars: | 2023-07-12 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

"Really good first halves like the one we just had tends to lead to outsize performance for the second half of the year," says Ryan Detrick, chief market strategist at the Carson Group. No one knows for certain what the second half of the year will bring, but market history suggests that the party may just be getting started. In the first six months of this year, the S&P 500 logged a total return of more than 16%. In fact, I doubt we do that over the second half of this year," he says. Opinions vary widely among market soothsayers, but in aggregate they expect the S&P 500 to shed 6% from July through December.

Persons: Ryan Detrick, Detrick, we've, Sam Stovall, Stovall, wouldn't, Warren Buffett Organizations: Carson, Bloomberg, Wall Street

☆ Stock futures are little changed Tuesday night in a holiday-shortened week: Live updates
▼ + stars: | 2023-07-04 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

U.S. stock futures were little changed on Tuesday night as Wall Street looks to resume a holiday-shortened week. Dow Jones Industrial Average futures fell by 33 points, or 0.1%. Stocks rose slightly during the shortened trading day, with the Dow Jones Industrial Average adding 10.87 points, or 0.03%. The Dow Jones Industrial Average was the laggard, rising just 3.8%. Economists polled by Dow Jones are anticipating a rise of 0.6%, which would be greater than the 0.4% increase the previous month.

Persons: Stocks, We've, Carson Group's Ryan Detrick, CNBC's, Dow Jones, John Williams Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Markets, Dow Jones, Reserve, , New York Fed, Central Bank Research Association Locations: New York City . U.S, , New, New York City

☆ Carson Group's Ryan Detrick says he is a buyer of any weakness
▼ + stars: | 2023-07-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCarson Group's Ryan Detrick says he is a buyer of any weaknessRyan Detrick, Carson Group, joins 'Closing Bell' to discuss his latest bullish call based on historical trends.

Persons: Carson Group's Ryan Detrick, Ryan Detrick Organizations: Carson Group

☆ Expect another strong July for stocks, market strategist says
▼ + stars: | 2023-06-28 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

The past decade has brought particularly strong months of July for the S & P 500 , according to Carson Group. And the firm's chief market strategist expects a similarly good performance this year. The S & P 500 is up more than 6% so far this quarter and more than 14% year to date. A continuation of those trends could lead the S & P 500 to an all-time high in the second half of the year, Detrick said. "The realization that the economy's on better footing could be the spark plug to keep the surprise summer rally going," Detrick said.

Persons: Carson, July's, Ryan Detrick, There's, we've, there's, Detrick Organizations: Carson Group, Stock, Federal Reserve

☆ Why copper's 12% surge over the past month could signal bright times ahead for the broader economy
▼ + stars: | 2023-06-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Copper prices have jumped as much as 12% from their May 25 low, and that could signal green shoots for the economy. Copper prices have long been viewed as a leading economic indicator because it is utilized in various sectors of the economy. Essentially, rising copper prices could signal increased demand and therefore increased economic activity, and vice versa for when copper prices fall. But rising copper prices aren't always driven by an increase in demand for the commodity, and could instead be impacted by other factors. Sosnick also said that recent interest rate cuts in China could be impacting copper prices more so than broad economic strength "since other key commodities like oil are hardly signaling economic strength."

Persons: Ryan Detrick, —, Katie Stockton, Stockton, Ryan Detrick wouldn't, he's, Detrick, Tom Lee, Steve Sosnick, Sosnick Organizations: Service, Carson Group, Interactive Locations: Stockton, China

☆ Wall Street extends sell-off as Powell hints at further rate hikes
▼ + stars: | 2023-06-21 | by ( Stephen Culp | ) www.reuters.com time to read: +3 min

All three major U.S. stock indexes notched their third straight daily declines, with megacap tech- and tech-related shares weighing most. Tesla Inc (TSLA.O), along AI-related stocks such as Microsoft Corp (MSFT.O) and Nvidia Corp (NVDA.O) were the heaviest drags. "There could be one more rate hike, but I don’t think anyone's buying the fact that there will be two. "A big portion of today’s weakness is because Tesla had one of its worst days in a while," Detrick added. "After a record win streak some kind of weakness is perfectly acceptable and normal."

Persons: Tesla, Jerome, Ryan Detrick, Powell, Detrick, Stephen Culp, Shubham Batra, Johann M Cherian, Ankika Biswas, Aurora Ellis Organizations: FedEx, Barclays, NEW, Federal, Carson Group, Tesla, Microsoft Corp, Nvidia Corp, . House Financial Services, Nasdaq, Dow Jones, Tesla Inc, United Parcel Service Inc, Thomson Locations: Omaha, Bengaluru

☆ The S&P 500 will extend its stellar rally, hitting a new record high before 2023 is over, Carson Group's top strategist says
▼ + stars: | 2023-06-16 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

The S&P 500 has climbed 15% in 2023, powered higher by Big Tech stocks. The index is likely to hit a new all-time high before the end of the year, Carson Group's top strategist said Thursday. "We still think there's a lot left in the tank here," Ryan Detrick told CNBC. "We've been overweight equities at Carson Investment Research since late December," Detrick told CNBC's "Closing Bell". The S&P 500 hit its record high in January 2022, reaching just under 4,800 points.

Persons: Carson Group's, Ryan Detrick, —, Carson, Tesla, We've, Detrick, CNBC's, – Organizations: Big Tech, CNBC, Service, Meta, Nvidia, Carson Investment Research, Reserve, Fed

☆ S&P 500 will likely hit new high in 2023, says Carson Group's Ryan Detrick
▼ + stars: | 2023-06-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailS&P 500 will likely hit new high in 2023, says Carson Group's Ryan DetrickRyan Detrick, Carson Group chief market strategist, joins 'Closing Bell' to discuss why this stock market rally has a lot of legs, Detrick's price target for the S&P 500, and the when the index could hit a new all-time high.

Persons: Carson Group's Ryan Detrick Ryan Detrick Organizations: Carson Group

☆ The bear market in stocks has officially ended and a new bull market has kicked off. Here's why investors can expect more gains ahead.
▼ + stars: | 2023-06-09 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

A new bull market has arrived on Wall Street after the S&P 500 rallied 20% from its October low. A resilient economy and solid corporate earnings could drive further gains in the stock market. According to Carson Group's chief market strategist Ryan Detrick, it wouldn't be out of the ordinary for stocks to continue their rally after cementing a new bull market. Finally, many investors are not positioned for a bull rally in stocks, and to get ready for a continued rally they'd have to unwind short positions and buy stocks, which could push prices even higher. It's those two factors that represent "dry tinder" for a potential melt up that could extend the current bull market rally, according to Emons.

Persons: —, Carson, Ryan Detrick, Detrick, Ben Emons Organizations: Service, Federal, Wall

A pedestrian and jogger pass the Reserve Bank of Australia (RBA) building, during a partial lockdown imposed due to the coronavirus, in Sydney, Australia, on Monday, May 18, 2020. Markets are "catching their breath after Friday's broad-based rally," said Ryan Detrick, chief market strategist at the Carson Group. "It's a very lackluster news day, which isn't a bad thing as we consolidate some of those big recent gains we've had." Australia's S&P/ASX 200 opened 0.35% down ahead of the country's central bank rate decision. The Reserve Bank of Australia is expected to hold rates at 3.85%, according to a Reuters poll.

Persons: Ryan Detrick, we've Organizations: Reserve Bank of Australia, Carson Group, Nikkei Locations: Sydney, Australia, Asia, Pacific, Japan, South

☆ The stock market's fear gauge just hit its lowest level in 3 years as a new bull market kicks off
▼ + stars: | 2023-06-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Wall Street's fear gauge fell to its lowest level in 3 years just as a new bull market hits stocks. The decline in the VIX suggests that the stock market has entered a regime of low volatility following the bear market of 2022. A new bull market starts when an index surges 20% from the lowest close of its bear market. The Nasdaq 100 already entered its bull market at the end of March. "We wouldn't be surprised at all if this new bull market would continue much longer than most think and the VIX will also stay consistently beneath 20.

Persons: Carson Group's Ryan Detrick, —, Nicholas Colas, Colas, Carson Group's, Ryan Detrick, Detrick, Katie Stockton doesn't, we've, Stockton Organizations: Service, Nasdaq, DataTrek Research

SummarySummary Companies Wall Street indexes trade lowerBenchmark 10-year yields downU.S. dollar reach two-month highOil prices fall, Safe-haven gold gainsNEW YORK, May 31 (Reuters) - Global equities and U.S. Treasury yields were lower on Wednesday as risk-off sentiment dominated markets, with investors focused on a much-anticipated vote in Congress on raising the U.S. debt ceiling. The U.S. House of Representatives is set to vote on Wednesday on a bipartisan deal that would lift the $31.4 trillion ceiling and allow the government to avert a default. The dollar index rose 0.577%, with the euro down 0.86% to $1.0641. Oil prices fell amid demand concerns following weak economic data from top importer China. Gold prices firmed despite the dollar's strength, though optimism about a U.S. debt deal kept bullion on course for a first monthly dip in three.

Persons: Ryan Detrick, Chibuike Oguh, John Stonestreet, Emelia Organizations: YORK, Global, Treasury, U.S . House, Democrats, Carson Group, Dow Jones, Nasdaq, Benchmark, U.S, Federal Reserve, China, Brent, West Texas, Thomson Locations: New York

☆ The S&P 500 is up almost 8% in the first 100 trading days of the year. That bodes well for the rest of 2023
▼ + stars: | 2023-05-25 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

When the S & P 500 has risen more than 7% over the first 100 trading days in an average year going back to 1950, the index rallies another 9.4% over the balance of the year, for a total annual return of 23.6%. By comparison, the S & P 500 has gained an average of 9.8% annually since its inception in 1928, according to Investopedia . This year should end no differently than others when the index rose 7% or more during the first 100 trading days, Detrick said, despite concern the economy could tip into a recession, denting corporate profits. The Russell 2000 Index of small-cap stocks has fallen 0.8% so far this year, while the S & P 500 Financial Index has slumped 7.4% year to date. "Stocks lead the economy," Detrick said.

Persons: Ryan Detrick, hasn't, Detrick, Russell Organizations: Carson Group, Fed

☆ Americans view gold as a better investment than stocks for the first time since 2013. Here's why that's a good sign for the stock market.
▼ + stars: | 2023-05-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

More Americans view gold as a better investment than stocks for the first time since 2013. That's a good sign for the stock market, according to the Carson Group's Ryan Detrick. "From a contrarian point of view, this is another reason to think the path is higher for stocks," Detrick said. Meanwhile, Americans that view stocks as the best long-term investment fell to 18% this year from 25% last year, representing its lowest level since 2011. And that negative sentiment is the fuel that could ultimately drive the stock market higher from here.

☆ Tech pushes Nasdaq higher, dollar climbs on solid data, debt ceiling progress
▼ + stars: | 2023-05-18 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Investors were closely monitoring the debt ceiling negotiations in Washington for signs that Democrats and Republicans might be inching closer to a deal. Optimism about debt ceiling talks ebbed and flowed, with hopes for a deal that avoids a catastrophic default. European stocks closed higher and the German DAX rose to its highest level since January 2022 on optimism about the U.S. debt ceiling talks. The greenback extended its ascent against a basket of world currencies, reaching a seven-week high, powered by the economic data and debt ceiling hopes. Gold moved in opposition to the dollar, with the precious metal losing some luster as the economic data lowered the likelihood of a Fed rate cut before year-end.

☆ Opinion | We Could Easily Make Risky Virological Research Safer
▼ + stars: | 2023-05-10 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +2 min

The 2007 outbreak of foot-and-mouth disease in Britain was traced to a faulty drainage pipe at a research facility. In 2015 the Department of Defense discovered that a germ-warfare program in Utah had mistakenly mailed almost 200 samples of live anthrax over 12 years. Lab accidents happen, and they aren’t especially rare. In January the National Science Advisory Board for Biosecurity issued a series of draft recommendations for tightening regulation and oversight. And many of those who see the Covid pandemic as merely the sort of pathogenic disaster that lab accidents might cause agree that greater safety is needed.

☆ One firm lists 3 reasons why it thinks the Fed will deliver its final rate hike today, and what that means for the stock market
▼ + stars: | 2023-05-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The Fed is poised to hike interest rates today for the last time in the current cycle, according to Fundstrat. That's because inflation has declined, the labor market is softening, and financial stability risks have increased. Stocks have historically performed well after the Fed implemented its last interest rate hike. "The constellation of data is already pointing to a softening of labor market demand, jobs itself and eventually wages. And if inflation continues to decline, that should give the Fed ample breathing room to pause further interest rate hikes.

Search resuls for: "Detrick"

25 mentions found