Investments
Why We Think You Shouldn’t Sell in May
“The first principle is that you must not fool yourself—and you are the easiest person to fool.” Richard Feynman, American theoretical physicist Buckle up, as the trigger points for one of the most well-known investment axioms, “Sell in May and go away,” is nearly here. This gets a ton of play in the media, as …
Ryan Detrick
April 30, 2025
Did the Stock Market Win the Tariff Throwdown?
In the latest episode of Facts vs Feelings, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, dissect the market’s strong rally amid tariff turmoil and examine whether policy pullbacks from Washington are signaling a win for the stock market. The duo also dives into technical indicators, sentiment extremes, earnings expectations, and …
Ryan Detrick
April 30, 2025
Market Takeaways for Trump’s Next 100 Days Based on What We Saw in the First 100
Today is Day 100 of the second Trump administration (counting Inauguration Day as Day 1). We’ve learned a lot in the first 100 days, but if you’re a market person you’re aim is always to look ahead, not backwards. Carson’s global macro strategist Sonu Varghese did just that in his recent blog, “What’s Next? The …
Barry Gilbert
April 29, 2025
Healthcare Acquisitions Ramp Up
Acquisition activity in the healthcare sector is picking up pace in 2025. This surge comes amid continued underperformance from large cap pharmaceutical companies and may also point to flaws in their previous allocation of capital—particularly around research and development. The strategic pivot toward acquisitions may signal a broader shift as companies look externally for the …
Blake Anderson
April 28, 2025
Houston, We Have A Zweig Breadth Thrust and Four More Bullish Developments
“One of the frustrating things for people who miss the first rally in a bull market is that they wait for the big correction, and it never comes. The market just keeps climbing and climbing.” Martin Zweig, American stock investor What a difference three days makes. After a 2.4% drop on Monday, the S&P …
Ryan Detrick
April 25, 2025
What Next? The Bull Case and the Bear Case
Uncertainty may be the new normal. Markets have been extremely volatile, with the S&P 500 experience nine 1%+ intraday moves over the first three days of this week. It’s not that we’ve never seen volatility before — that’s part and parcel of investing. The difference now is that markets are hanging on, and reacting to, …
Sonu Varghese
April 24, 2025
3 Thoughts on Trade and the Market Reaction
Let’s Keep It Simple Sometimes I find it helpful when I think through a problem to state the obvious. So here it goes. Stating the obvious when it comes to trade, the main reason the US has a net trade deficit with the rest of the world is because we consume more than we produce …
Barry Gilbert
April 23, 2025
Cathie Wood is Back!
In the latest episode of Facts vs Feelings, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, are joined by Cathie Wood of Ark Invest to unpack the state of innovation in finance, the market’s reaction to tariffs, and the evolving role of AI, Bitcoin, and government in shaping the future economy. …
Ryan Detrick
April 23, 2025
Worries And Uncertainty Grow, But There Are Positives
“Everybody in the world is a long-term investor until the market goes down.” – Peter Lynch, famed manager of the Fidelity Magellan Fund After the S&P 500 gained nearly 6% two weeks ago, there was some well-deserved giveback last week and again on Monday. Sparking the weakness last week was a big down day on …
Ryan Detrick
April 22, 2025
Under the Hood: Technology Earnings Preview
Technology stocks have come under pressure in recent weeks owing to macroeconomic concerns, including the risk of a potential recession caused by rising tariffs that could hinder the free flow of trade. In this environment, active equity investors are likely to focus more on forward-looking commentary from companies – if any is provided – to …
Blake Anderson
April 21, 2025
The Fed Is Caught Between a Rock and a Cold Hard and Lonely Place
Federal Reserve (Fed) Chair, Jerome Powell, just gave us the most detailed description of how they’re thinking about policy in the face of massive tariffs. He was speaking at the Economic Club of Chicago, and participated in a Q&A after, with the former head of India’s Central Bank and University of Chicago professor, Raghuram Rajan. …
Sonu Varghese
April 17, 2025
Bull Market? Bear Market? Or Something in the Middle?
“The wise make great use of adversity, the foolish whine about it.” Dee Hock, Founder of Visa The wild market action continues, but at least stocks have bounced and in some big ways the past week or so. Back on Monday, April 7, the S&P 500 opened up down more than 2%, yet stocks finished …
Ryan Detrick
April 16, 2025