Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Carson Group's Ryan Detrick"


14 mentions found


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.
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.
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.
He said this year has even more reasons to be higher, since other market performance indicators are also positive. For instance, stocks were higher in the Santa rally period in the final five trading days of December and the first two of January. "If you add the third level, with the market positive in January, the market was up a shade more than 29% and was up 100% of the time." spThe average annual S&P 500 gain for any year is about 9%, but Stovall said when the prior year is negative there's historically a higher bounce and the rally averages 14%. "If you add the third level, with the market positive in January, the market was up a shade more than 29% and was up 100% of the time."
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 26, 2023 in New York City. Stock futures rose slightly in overnight trading as the S&P 500 looks to cap off its best January since 2019. Futures tied to the S&P 500 added 0.26%, while futures connected to the Dow Jones Industrial Average inched 0.15%, or 49 points, higher. During regular trading the Dow declined 260.99 points, or 0.77%, while the S&P and Nasdaq Composite fell 1.30% and 1.96%, respectively. As of Monday's close, the S&P and Dow are up 4.64% and 1.72% in January, respectively, and headed for their third positive month in four.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe consumer still is strong but not perfect, says Carson Group's Ryan DetrickRyan Detrick, Carson Group chief market strategist, joins 'Power Lunch' to discuss cyclical areas leading the bull market, continued dollar weakening, and finding leadership in the market.
Traders gather on the floor of the New York Stock Exchange, Friday, March 18, 2016. There is little optimism for stocks among Wall Street's foot soldiers, according to the latest fund manager survey from Bank of America. As BofA pointed out, that means the so-called "pain trade" in the stock market is higher, and any sudden rally would catch investors off-guard. But Wall Street survey be damned, stocks seem to be on the brink of a rare, bullish trifecta. The surge has pushed the world's most largest crypto token to levels not seen since before the fall of FTX.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSmall caps could do well if the economy avoids a recession, says Carson Group's Ryan DetrickRyan Detrick, Carson Group chief market strategist, joins CNBC's 'Squawk Box' to break down his investment strategies ahead of the market open.
As if this year didn't bring us enough bad news in the market, there's a steady chance 2023 brings more of the same. But Saint Nick's absence isn't the elephant in the room for markets — it's the Fed. Billionaire hedge fund manager David Tepper said he's "leaning short" on the stock market as the calendar changes. In a bid to squash decades-high inflation, this year the Fed has embarked on a historic interest rate-hiking campaign. "What the forwards in the Fed Funds futures are telling us is that it's increasing the probability that there's going to be a recession at some point," Caron said in a Bloomberg interview.
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
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.
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.
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 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%.
Total: 14