Ryan Detrick
Why $1 Trillion in Credit Card Debt Isn’t a Bad Thing
“It’s not what you look at that matters, it’s what you see.” -Henry David Thoreau It finally happened, US consumers officially have more than $1 trillion in credit card debt, an all-time record. Not surprisingly, many claimed this was a sign the consumer was tapped out and simply spending and buying everything on credit cards. …
Ryan Detrick
August 11, 2023
11 Things to Know About the U.S. Debt Downgrade
“I don’t make jokes. I just watch the government and report the facts.” -Will Rogers What happened? Rating agency Fitch downgraded the U.S. government’s longer-term credit rating to AA+ from AAA. This was the second time in history a rating agency did this, as S&P Global Ratings did it in August 2011 after a government …
Ryan Detrick
August 3, 2023
Stocks Don’t Like August, Now What?
“Plans are worthless, but planning is everything.” President Dwight D. Eisenhower Another month and more strong gains. Make that five months in a row, the S&P 500 finished higher. The S&P 500 is now up close to 20% on the year, just like everyone predicted. 😉 We came into the year overweight stocks and remain …
Ryan Detrick
August 1, 2023
Talking About the Bull Market with Tom Lee
Sonu and I were honored to be joined by Tom Lee, Managing Partner and the Head of Research at Fundstrat Global Advisors, this week on the Facts vs Feelings podcast! I’ve been a fan of Tom for many years and you might know him for being one of the very few bulls coming into this …
Ryan Detrick
July 28, 2023
About That Dow 9-Day Win Streak…
“However beautiful the strategy, you should occasionally look at the results.” – Winston Churchill How about that? As soon as we released our Mid-Year Outlook and talked about this bull market broadening out the rest of this year, with other areas besides just technology and communications leading, we find the Dow up nine days in …
Ryan Detrick
July 21, 2023
Yes, There Were Clues That ’23 Would Be a Big Year for Stocks
“You can learn a lot by looking.” -Hall of Fame catcher Yogi Berra Stocks had one of their best starts to a year ever after six months in 2023 and the fun has only continued so far in July. If you’ve followed us since late last year then you know that we expected a good …
Ryan Detrick
July 19, 2023
Shake It Off, Bears! This is a Swift Economy, and We’re Just Living In It
“Despite the slowing recovery in tourism in the region overall, one contact highlighted that May was the strongest month for hotel revenue in Philadelphia since the onset of the pandemic, in large part due to an influx of guests for the Taylor Swift concerts in the city,” -Philadelphia Federal Reserve Bank The economy has surprised …
Ryan Detrick
July 14, 2023
Here We Go Again
“Here I go again on my own. Going down the only road I’ve ever known.” -Here I Go Again by Whitesnake One of the main reasons we came into 2023 overweight equities (when everyone else was talking recessions and bear markets) was the over-the-top negativity. Rarely is the crowd and obvious trade right when it …
Ryan Detrick
July 11, 2023
Here Comes the Carson Investment Research Midyear Outlook
What a first half it has been, with stocks having one of their best starts to a year ever and the economy defying many by avoiding the most broadcast recession of all-time. We came into this year saying good things could happen and it wasn’t very well received, as nearly everyone on tv was talking …
Ryan Detrick
July 7, 2023
Why July Brings the Bulls
“I am an optimist because I don’t see the point in being anything else.” -Abraham Lincoln And with that, the first half of the year is a wrap. What can we say other than all those calls for a recession and new bear market lows sure didn’t play out. We were one of the only …
Ryan Detrick
June 30, 2023