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☆ 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.

☆ Wall St ends higher, posts weekly, monthly gains on solid earnings, Fed pause hopes
▼ + stars: | 2023-04-28 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

All three major U.S. stock indexes advanced, but a drop in Amazon.com (AMZN.O) shares capped the Nasdaq's gains. The pan-European STOXX 600 index (.STOXX) rose 0.56% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 0.66%. REUTERS/Lucas Jackson/File Photo 1 2 3Emerging market stocks rose 0.50%. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) closed 0.52% higher, while Japan's Nikkei (.N225) rose 1.40%. The dollar index rose 0.13%, with the euro down 0.08% toat $1.1018.

☆ Western Alliance stock surges as results allay deposit fears
▼ + stars: | 2023-04-19 | by ( Noel Randewich | ) www.reuters.com time to read: +3 min

April 19 (Reuters) - Shares of Western Alliance Bancorp (WAL.N) surged 24% on Wednesday after the U.S. regional bank posted stronger-than-expected earnings and said its deposits had stabilized, helping allay fears that last month's banking crisis could envelop more lenders. Wedbush Securities raised its rating on Western Alliance to "outperform" from "neutral" and added the bank to its "Best ideas list", among stocks including Apple (AAPL.O) and Microsoft (MSFT.O). Western Alliance's results soothed concerns about the stability of regional banks following worst U.S. banking crisis since 2008. The rally in Western Alliance following its report stood out among several regional banks that have posted quarterly results this week. Western Alliance's stock remains down over 40% from early March, before Silicon Valley Bank's collapse.

☆ Western Alliance's stock surges as results allay deposit fears
▼ + stars: | 2023-04-19 | by ( Noel Randewich | ) www.reuters.com time to read: +3 min

"We are seeing positive news from a regional bank that was in the crosshairs of the whole crisis. Western Alliance's results soothed concerns about the stability of regional banks following worst U.S. banking crisis since 2008. The rally in Western Alliance following its report stands out among several regional banks that have posted their quarterly results this week. Citizens Financial Group Inc (CFG.N) was trading near flat after reporting a quarterly profit early on Wednesday that missed Wall Street's estimates. Western Alliance's stock remains down over 40% from early March, before Silicon Valley Bank's implosion.

☆ CNBC Daily Open: Signs of a coming storm
▼ + stars: | 2023-04-12 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. "It kind of feels like the calm before the storm," said Ryan Detrick, chief market strategist at the Carson Group. While it's nice to have a calm day or two, investors shouldn't ignore the warning of an impending storm. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Signs of a storm coming
▼ + stars: | 2023-04-12 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

☆ Wall St ends mixed as inflation data comes into focus
▼ + stars: | 2023-04-11 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

The bellwether S&P 500 ended essentially unchanged. "With huge inflation data tomorrow, Fed minutes coming out soon and earnings right around the corner, traders are taking a wait and see approach to see how the inflation data comes in." Analysts expect aggregate first-quarter S&P 500 earnings falling 5.2% year-on-year, a stark reversal from the 1.4% annual growth seen at the beginning of the quarter. Among the 11 major sectors of the S&P 500, communication services (.SPLRCL) and tech (.SPLRCT) ended in the red, while energy (.SPNY) and financials (.SPSY) enjoyed the largest percentage gains. The S&P 500 posted nine new 52-week highs and no new lows; the Nasdaq Composite recorded 64 new highs and 118 new lows.

☆ Stock futures are flat ahead of key March inflation data: Live updates
▼ + stars: | 2023-04-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures were flat in overnight trading Tuesday as investors turned their focus to March's highly anticipated inflation report. Futures tied to the Dow Jones Industrial Average traded flat, while S&P 500 and Nasdaq 100 futures inched 0.04% and 0.07% higher, respectively. The S&P 500 closed little changed, while the Dow Jones Industrial Average gained 0.29% and Nasdaq Composite lost 0.43%. Wall Street looked ahead to March's consumer price index, a key data point that could affect the Federal Reserve's rate decision come May. Economists polled by Dow Jones predict that CPI rose by 0.2% in March, compared to a 0.4% gain in February.

☆ Markets are saying second half of 2023 could be better, says Carson Group's Ryan Detrick
▼ + stars: | 2023-04-10 | 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 EmailMarkets are saying second half of 2023 could be better, says Carson Group's Ryan DetrickRyan Detrick, Chief Market Strategist at Carson Group, joins 'Squawk Box' to discuss the latest market trends, and why he is optimistic the U.S. economy can avoid a recession altogether.

☆ An incredibly rare bullish stock market indicator just flashed for the first time since 2019
▼ + stars: | 2023-04-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

An incredibly rare bullish stock market indicator just flashed, suggesting more upside ahead. The Zweig Breadth Thrust indicator flashed for the first time since 2019, according to Ryan Detrick of the Carson Group. That's according to Carson Group chief market strategist Ryan Detrick, who pointed out that the "extremely rare" Zweig Breadth Thrust Indicator just triggered. The last time the Zweig Thrust Indicator triggered was in early 2019. Meanwhile, the six-month forward average return after the Zweig Thrust Indicator triggered is 17%.

☆ The resilient job market is finally showing signs of cooling off
▼ + stars: | 2023-04-10 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

The job market is clearly starting to slow down. Mohamed El-Erian said March's jobs report was a win-win for both the stock market and the Fed. "We are making this transition where the stock market was obsessed with interest-rate risk to one that is concerned about credit risk." What's your take on the latest job data? In other news:Traders works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020.

☆ Markets and the economy survived a tough first quarter, but it's not going to get any easier
▼ + stars: | 2023-04-01 | by ( Jeff Cox | ) www.cnbc.com time to read: +8 min

Despite peaks and valleys, stocks closed the first quarter on an up note, with the S & P 500 rallying more than 7% and the tech-fueled Nasdaq soaring about 16%. .SPX .DJI YTD line S & P 500 gains so far in 2023 Indeed, the market has lived through a lifetime of scary headlines in the first three months of 2023. Despite repeated protestations from Fed officials that they are taking the higher-for-longer approach on interest rates, markets still expect cuts. AAPL .SPX YTD mountain Apple compared to the S & P 500 Only five of the 11 S & P 500 sectors are positive for the year, despite the substantial rally for the index. The net profit margin for the S & P 500 also is expected to edge lower to 11.2%.

☆ U.S. banks' CDS prices surge as contagion concern widens
▼ + stars: | 2023-03-15 | by ( Mehnaz Yasmin | ) www.reuters.com time to read: +3 min

March 15 (Reuters) - A jump in the cost for Wall Street banks to insure bonds against default on Wednesday was another worrisome indicator of credit stress for investors amid the crisis at Credit Suisse and at U.S. regional banks. Swiss bank Credit Suisse (CSGN.S) fell to a record low on Wednesday. Five-year credit default swaps for the flagship Swiss bank hit a new record high. Credit default swaps on Credit Suisse also inverted on Wednesday with the two-year rising above the five-year, and both hit a new 52-week high, according to data from Ortex. Some analysts believe that the larger banks are resilient and are more worried about the smaller and mid-sized banks.

☆ Stocks close slightly up after prior week's selloff
▼ + stars: | 2023-02-27 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

All three main stock indexes climbed more than 1% shortly after the opening bell, in part due to an easing in Treasury yields, and all three closed well off their session highs. Stocks steadily gave up gains throughout the session as U.S. Treasury yields moved off the day's lows. Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 27, 2023. Advancing issues outnumbered declining ones on the NYSE by a 1.69-to-1 ratio; on Nasdaq, a 1.41-to-1 ratio favored advancers. The S&P 500 posted 4 new 52-week highs and 8 new lows; the Nasdaq Composite recorded 71 new highs and 102 new lows.

☆ We like small caps and cyclical value: Carson Group's Ryan Detrick
▼ + stars: | 2023-02-16 | 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 EmailWe like small caps and cyclical value: Carson Group's Ryan DetrickRyan Detrick, Carson Group chief market strategist, joins CNBC's 'Squawk Box to discuss hotter-than-expected PPI numbers, the lag effect of Fed rate hikes, and more.

☆ Want the S&P 500 to gain 10% this year? A Super Bowl win by the Philadelphia Eagles may be your best bet
▼ + stars: | 2023-02-12 | by ( Carla Mozée | ) www.businessinsider.com time to read: +4 min

The Philadelphia Eagles and the Kansas City Chiefs will face off in Super Bowl LVII on Sunday in Arizona. An analyst said historic data suggests a win by an NFC team will produce a 10% return for the S&P 500 this year. Maybe not," Detrick wrote about this year's Super Bowl. From that viewpoint, stock investors may want to see the Chiefs win their third Super Bowl. Before Sunday's game, the S&P 500 has risen about 6% in 2023, and there's been a rotation in market leadership since 2022's dismal end.

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