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☆ 'Santa Claus could come to town' for US stocks soon as bargain hunters dive in, a top strategist says
▼ + stars: | 2022-12-22 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

US stocks could see a "Santa Rally" from recent losses as buyers jump in, according to a strategist. "With an oversold market, we think Santa Claus could come to town once again," Ryan Detrick said. The S&P 500 won't retest the lows it hit in October this year, the Carson Group strategist said. "With an oversold market, we think Santa Claus could come to town once again over the next week and a half," the chief market strategist told Yahoo Finance on Wednesday. Read more: The US housing market faces a 'triple whammy' of threats - and stocks may stage a Santa Claus rally, a top strategist says

☆ Dow jumps 526 points as earnings beat from Nike and upbeat sentiment data show resilience of the consumer
▼ + stars: | 2022-12-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +1 min

US stocks surged on Wednesday after data showed a resilient consumer heading into 2023. Consumer confidence rose to its highest level since April, according to data from the Conference Board. Nike soared 13% after it said footwear and apparel sales rose 25% and 4% in the quarter, respectively. Earnings results from Nike also showed that consumers remain relatively resilient to higher interest rates and elevated inflation. Nike rallied 14% in Wednesday trades after the company said footwear and apparel sales rose 25% and 4% in the quarter, respectively.

☆ 'Santa Claus' rally still likely, may come as soon as the end of the week, says Carson Group's Ryan Detrick
▼ + stars: | 2022-12-20 | 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 Email'Santa Claus' rally still likely, may come as soon as the end of the week, says Carson Group's Ryan DetrickRyan Detrick, Carson Group chief market strategist, joins 'Closing Bell: Overtime' to discuss the likelihood of a 'Santa Claus' year-end rally.

☆ Investing experts predict a 'soft-ish landing' for the economy in 2023—here's what that means for your money
▼ + stars: | 2022-12-20 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

Here's what market experts say that could mean for the economy and your portfolio. The good news: looking into next year, many experts believe the Fed can avoid a recession. "We believe there's a very good chance of at least a 'soft-ish' landing happening," says Kristina Hooper, chief global market strategist at Invesco. But while rate hikes will ideally get inflation under control, they could also slow the economy to the point that it tips into recession. For now, that looks avoidable in 2023, says Ryan Detrick, chief market strategist at Carson Group.

☆ Alex Murdaugh, disgraced South Carolina lawyer accused of killing wife and son, faces new legal trouble
▼ + stars: | 2022-12-16 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

Prosecutors said Murdaugh, 54, made nearly $14 million as a lawyer over nine years, but also stole nearly $7 million from his law firm at the same time. The latest indictments bring the total number of charges against the disgraced attorney to more than 100. In his best year, Murdaugh reported making $5.3 million in 2013 after making $2.4 million the year before. Murdaugh said he made just $219,000 in 2017 and only $1.6 million over the next two years, according to the indictment. Murdaugh and his family were the biggest players in the legal scene in tiny Hampton County.

☆ South Carolina lawyer accused of killing family indicted for tax evasion
▼ + stars: | 2022-12-16 | by ( Tyler Clifford | ) www.reuters.com time to read: +2 min

Alex Murdaugh, 54, the scion of a South Carolina legal dynasty, is accused of willful attempt to evade state taxes on millions of dollars in income between 2011 and 2019. The new charges are in addition to dozens of state charges, including embezzlement and murder, brought by a Colleton County grand jury. Murdaugh is accused of fraudulently making nearly $7 million, which was left off on annual tax filings with the state, according to the indictment. He is suspected of skipping out on more than $486,800 in payments owed to South Carolina. He faces two counts of murder and two counts of possession of a weapon in connection with the murders.

The average year-to-date losses on Thanksgiving days in these years was 10.5%, and the average rise post-Thanksgiving through Dec. 31 was 1.5%. The S&P 500's year-to-date loss on Thanksgiving Thursday this year was 15.5%, having been down as much as 27% in mid-October. chartIf ever there was a year Wall Street was primed to register an above-average whoosh in the last few trading weeks of the year, this is it. Even beyond investors' instinctive "FOMO" (fear of missing out) on the upswing underway, positioning is extremely light and portfolios are historically underweight stocks. Relative to average positioning over the past 10 years, investors' biggest underweight position this month is in stocks.

☆ Instant View: Comfortably cool U.S. CPI suggests aggressive Fed hikes taking hold
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +5 min

read moreMARKET REACTION:STOCKS: S&P 500 futures turned sharply higher and were up 3.1%BONDS: The yield on 10-year Treasury notes tumbled and was down 21.5 basis points at 3.927%; The two-year U.S. Treasury yield was down 26.6 basis points at 4.362%. The dollar index was off 1.3%COMMENTS:BRIAN JACOBSEN, SENIOR INVESTMENT STRATEGIST, ALLSPRING GLOBAL INVESTMENTS, MENOMONEE FALLS, WISCONSIN“Well, that was a relief. And I think the expectation now is the Fed hikes rates 50 basis points in December. ART HOGAN, CHIEF MARKET STRATEGIST, B. RILEY WEALTH, NEW YORK"A softer than expected inflation report is acting as a tailwind for markets. "Given just this data, it would allow the Fed to raise by only 50 basis points rather than 75 at the next meeting.

☆ VIEW Comfortably cool US Oct CPI spells relief for Fed
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +4 min

And I think the expectation now is the Fed hikes rates 50 basis points in December. ART HOGAN, CHIEF MARKET STRATEGIST, B. RILEY WEALTH, NEW YORK"A softer than expected inflation report is acting as a tailwind for markets. Next, we immediately turned our attention to the CPI and that clearly came in better than expected. It rocketed the futures higher and then to top it off, weekly initial unemployment claims came in higher than expected. "Given just this data, it would allow the Fed to raise by only 50 basis points rather than 75 at the next meeting.

☆ Comfortably cool US CPI suggests aggressive Fed hikes taking hold
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +5 min

read moreMARKET REACTION:STOCKS: S&P 500 futures turned sharply higher and were up 3.1%BONDS: The yield on 10-year Treasury notes tumbled and was down 21.5 basis points at 3.927%; The two-year U.S. Treasury yield was down 26.6 basis points at 4.362%. And I think the expectation now is the Fed hikes rates 50 basis points in December. ART HOGAN, CHIEF MARKET STRATEGIST, B. RILEY WEALTH, NEW YORK"A softer than expected inflation report is acting as a tailwind for markets. Next, we immediately turned our attention to the CPI and that clearly came in better than expected. "Given just this data, it would allow the Fed to raise by only 50 basis points rather than 75 at the next meeting.

☆ 3 Markets rejoice after surprisingly cool inflation report
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +9 min

YUNG-YU MA, CHIEF INVESTMENT STRATEGIST, BMO WEALTH MANAGEMENT, CHICAGO“The better-than-expected CPI numbers are welcome but show a lot of underlying volatility. What Powell said is that we are going to need a few more reads on good CPI data before he can say we’re done." Shelter is the main contributor to inflation and everyone should know by now that it’s a garbage indicator of where inflation is headed. ART HOGAN, CHIEF MARKET STRATEGIST, B. RILEY WEALTH, NEW YORK"A softer than expected inflation report is acting as a tailwind for markets. “The good news is that we saw a significant sequential improvement, inflation is clearly moving in the right direction.

☆ Stocks have gained in the year after every midterm election since World War II - and investors can expect that run to continue even as the Fed keeps hiking rates
▼ + stars: | 2022-11-08 | by ( Carla Mozée | ) www.businessinsider.com time to read: +5 min

The S&P 500 is likely to extend a historic run of positive returns after midterm elections, market strategists say. The S&P 500 in has posted positive returns in the 12 months after midterm elections since the end of World War II. The broad equity index has posted positive returns after each mid-term since 1946–after World War II ended in September 1945. He said heading into the year-end it appears that the S&P 500 has found a "very strong floor of support," at 3,500. Detrick said dovish signals from the Fed could leave the S&P 500 in 2023 with a higher post-midterm election return than the 14.1% average he had found.

☆ The stock market will enter its best performing environment if Republicans take control of Congress in midterm elections
▼ + stars: | 2022-11-08 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market could be poised for big upside ahead if Republicans win Congress in today's midterm election. "The very best scenario for stocks is a Democratic President and a Republican-controlled Congress," Carson Group's Ryan Detrick said. "The very best scenario for stocks is a Democratic President and a Republican-controlled Congress. Under a Democratic president, the S&P 500 saw average annual returns of 16.2% when Republicans controlled both chambers on Congress. Regardless of Tuesday's election results, the stock market has plenty of more favorable seasonals going for it into year-end, according to Detrick.

☆ US stocks close higher as investors turn their attention to midterm election results
▼ + stars: | 2022-11-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks rose on Tuesday as investors turned their attention to midterm election results. If Republicans gain a majority in Congress, it could create political gridlock, sparking a new rally in stocks, analysts say. Wall Street has been eyeing possible political gridlock if the GOP takes over Congress, which could spark a new rally amid this year's bear market, analysts say. Carson Group's Ryan Detrick said a Republican majority could cause the stock market to enter its "best-performing environment," adding that it was possible stocks already bottomed out in October. The total value of the global crypto sector dropped 12%, according to data from CoinMarketCap, with Bitcoin tumbling 13%.

☆ Investors, you can bet on midterms bringing in a market rally even as the Fed keeps hiking rates.
▼ + stars: | 2022-11-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Let's start with a basic fact: Stocks have gained after every midterm election since World War II. But Ryan Detrick, chief market strategist at Carson Group, still thinks the stage is set for a substantial year-end market rally. How do you expect the stock market to react to the 2022 midterms? US stocks are ticking higher early Monday as election week begins. It's possible the stock market crashes 29% if a drop in corporate earnings happens at the same time as a recession.

BAMBERG, S.C. — Pamela Pinckney was in the hospital, bruised and in pain from several broken bones, when a lawyer named Alex Murdaugh offered his help. Pinckney estimates Murdaugh and his alleged co-conspirators pocketed $1 million owed to her family. Pamela Pinckney remained hospitalized as she endured several operations. Alex Murdaugh told me and my entire Pinckney family that he has our best interests, we don’t have anything to worry about and we’re like family to him,” Pinckney said. Alex Murdaugh is escorted out of the Collation County Courthouse in Walterboro, S.C., on July 20, 2022.

Investors face another (likely) bumper U.S. rate hike from the Fed later this week, and profit-taking and re-positioning as the new month begins could also burst the revival bubble. And not all equity markets are smiling - MSCI's Asia ex-Japan index is almost certain to close in the red for an unprecedented 10th month in a row. The divergence between U.S. and Asian markets is also reflected in the historic levels of dollar/Asia exchange rates, the widening gap between the U.S. and Chinese economic outlooks, and general investor confidence in the Fed versus Asian central banks' policy path. The PBOC is also struggling to keep its exchange rate depreciation in check. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Wall Street surges to sharply higher close ahead of Fed week
▼ + stars: | 2022-10-28 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Analysts now see third-quarter S&P 500 earnings growth of 4.1%, up from 2.5% on Thursday, according to Refinitiv data. Of the 11 major sectors of the S&P 500, all but consumer discretionary stocks (.SPLRCD), weighed down by Amazon shares, ended the session green. Third-quarter reporting season has passed the halfway point, with 263 of the companies in the S&P 500 having reported. The S&P 500 posted 32 new 52-week highs and eight new lows; the Nasdaq Composite recorded 117 new highs and 115 new lows. Volume on U.S. exchanges was 11.26 billion shares, compared with the 11.53 billion average over the last 20 trading days.

☆ Stocks likely bottomed this month following the September inflation report as investors scramble to exit the bear market, analyst says
▼ + stars: | 2022-10-21 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Stocks likely reached a bottom on the day of the S&P 500's big swing sparked by the September inflation report, said Carson Group. The S&P 500 has been recovering after hitting a 52-week low during the wild October 13 session. Last Thursday's slide was sparked by the shock September inflation report as the core CPI reading came in at 6.6%, hotter than the 6.5% Bloomberg consensus estimate. Meanwhile, fewer stocks last week made 52-week lows than when the S&P 500 reached a low in mid-June. On Friday, the S&P 500 was higher at 3,677 as trading got underway after futures suggested a decline for the broad-equity index.

☆ U.S. stocks turn red as investors eye prolonged Fed hawkishness
▼ + stars: | 2022-10-20 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Harker's comments also helped support the 10-year Treasury yield's march past 14-year highs. "Harper’s comments provided further confirmation that the Fed is all in on continued aggressive policy and future (interest) rate increases." The pan-European STOXX 600 index (.STOXX) rose 0.26% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.55%. Benchmark Treasury yields resumed their rise after economic data appeared to confirm the Fed is unlikely to relent in its aggressive campaign to rein in inflation. The Japanese yen weakened 0.10% to 150.05 per dollar, while Sterling was last trading at $1.1229, up 0.13% on the day.

☆ October is living up to its reputation as a crazy month in which bear markets bottom
▼ + stars: | 2022-10-14 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

However, this month has also seen the end of more bear markets than any other. Data from the Stock Trader's Almanac shows that, of the 23 S & P 500 bear markets since World War II, seven ended in October, more than any other month. The majority of Dow Jones Industrial Average and Nasdaq Composite bear markets have also ended in October. What's more, there are some signs that the end of this bear market could be near. Indeed, many of the headwinds hurting the stock market aren't going away anytime soon.

☆ Reactions: US Sept CPI fortifies hawkish case in Fed inflation battle
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +6 min

FOREX: The dollar index turned 0.44% higherCOMMENTS:KEN POLCARI, MANAGING PARTNER, KACE CAPITAL ADVISORS, BOCA RATON, FLORIDA“Not good, hello – market collapsing. With a 3.5% unemployment rate, there's no way the Fed is going to stop raising rates until after the end of the year." The Fed has got to get a handle on inflation right now. RYAN DETRICK, CHIEF MARKET STRATEGIST, CARSON GROUP, OMAHA“This is a yet another disappointing sign that inflation continues to stay stubbornly high. There are still two more CPI prints before the December meeting with the Fed, but for now, the pivot is on pause.

☆ S&P 500 falls to two-year low, bear market rally snuffed out
▼ + stars: | 2022-09-27 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +5 min

The S&P 500 touched a session low of 3,623.29, its lowest point on an intraday basis since Nov. 30, 2020. The index has tumbled more than 12% since Powell's speech and has shown little signs of stabilizing. Many analysts had looked at 3,900 as a strong technical support level for the index. Detrick said that coordinated hikes by multiple central banks left investors wondering how hawkish they all will end up being. Robert Pavlik, Senior Portfolio Manager at Dakota Wealth in Fairfield, Connecticut said he is looking at a worst case of 3,000 for the S&P as a support level.

☆ Assessing where the S&P 500 will bottom this time as it heads back toward June lows
▼ + stars: | 2022-09-22 | by ( Michael Santoli | ) www.cnbc.com time to read: +3 min

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics. Given how the oversold indicators are piling up, a test or near-test of buyer's appetites is underway or should be soon. Having 2022 act as the year when all the tough medicine was administered has some appeal both for policy makers and investors. -Seeing some migration toward lower-volatility stocks, pharma, staples, some energy and Microsoft bouncing small after a recent breakdown. Need new lows or a capital-markets accident to jerk it much higher.

☆ The individual investor is pessimistic. Here is what that means for the market
▼ + stars: | 2022-09-22 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

The percentage of investors feeling bearish about the stock market is reaching levels last seen during the Great Recession, according to a weekly survey from the American Association of Individual Investors. It's the fifth time the percentage of bearish respondents broke that 60% threshold since data began being collected in 1987. Before that, the percentage of bearish investors hit this level at two points in 1990. A high number of bearish investors, for example, means that many have already sold. The number of bears rose to 31.4% from 28.2% last week, Investors Intelligence found.

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