Investments
Why The First 2% Drop In A Long Time Doesn’t Mean The Bull Market Is Over
“No pressure, no diamonds.” – Thomas Carlyle, 19th century Scottish historian Well, it was due to happen and last Wednesday it did, as the S&P 500 finally fell more than 2% on the day. Disappointing earnings from Tesla and Alphabet sparked it, but the reality is you can’t go forever without a bad day and …
Ryan Detrick
July 30, 2024
Under the Hood: Growing Trends Remain…Growing
By Blake Anderson, CFA, Sr. Analyst, Investment Investors this week parsed results from some of the world’s most familiar companies including Alphabet, Tesla, Visa and Spotify. Each of these companies aim to tell investors a similar story about product innovation and revenue growth as a result. In a growing economy that continuously produces new …
Blake Anderson
July 29, 2024
Q2 GDP Growth Confirms Economic Resilience
This was a “goldilocks” GDP report, with enough strength to be reassuring but not so much that it weighed on the likelihood of a September rate cut. The economy grew at an annualized pace of 2.8% in the second quarter, after adjusting for inflation. This was well above expectations of a 2.0% increase and acceleration …
Barry Gilbert
July 26, 2024
Be Prepared for the “Sahm Rule” Hype
The next jobs report comes out on August 2. There is a chance the report may trigger a recession signal called the Sahm rule, with an accompanying viral explosion of misinterpretation and misinformation. While the Sahm rule may not trigger, we thought it would be useful to get ahead of things and provide some thoughts …
Barry Gilbert
July 25, 2024
Seven More Reasons This Bull Market Has Plenty of Life Left
“I refuse to join any club that would have me as a member.” -Groucho Marx Have you tried to fly this week? My oh my, what a mess out there. On both Sunday and Monday nights I was stuck at airports until well past midnight. I made it to Minnesota this week for some …
Ryan Detrick
July 24, 2024
Is This Really Happening?
Market chaos and travel nightmares might seem unrelated, but they both reveal deeper systemic issues and opportunities. How do travel disruptions reflect broader economic vulnerabilities? What historical parallels can we draw to understand current market trends? In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at …
Ryan Detrick
July 24, 2024
Under the Hood: This Week’s Earnings Overshadowed by the Macro
Earnings continue to roll in, though they’ve had little impact to the market’s narrative thus far. The focus has been on the resurgence of small caps (see Chief Market Strategist Ryan Detrick’s blog here), and my, what a week it has been. While we do expect the earnings reports of the large technology companies to …
Carson Group
July 23, 2024
A Momentous Year, but 1968 Redux? Maybe Not
President Joe Biden withdrew from the 2024 presidential race and has endorsed Vice President Kamala Harris as the Democratic nominee, although the endorsement does not necessarily mean she will win the nomination. The change in the Democratic ticket does not change our fundamental view of the election, which we discussed at length in our recently …
Sonu Varghese
July 22, 2024
Election Update: Will He Stay or Will He Go?
The 2024 Republican National Convention ended on Thursday with former President Donald Trump’s acceptance of his party’s nomination. We also can’t ignore the other events in the last several weeks, including the contemptable attempt on former President Trump’s life and the ongoing uncertainty about President Joe Biden’s candidacy following his poor debate performance on June …
Barry Gilbert
July 19, 2024
Three Big Things That Are Happening in the US Economy
The US economy mostly runs on the back of household consumption, and so the manufacturing sector is usually bit of an afterthought. Though its salience has increased recently amid the 2024 presidential election campaign, and especially former President’s Trump’s preference for a weaker dollar to boost the export sector. Still, the headline news from the …
Sonu Varghese
July 18, 2024
7 Reasons the Times Are A-Changin’ for Small Caps
“You’re killin’ me, Smalls!” -Ham Porter in The Sandlot We’ve liked small caps all year and we’ll be the first to admit they’ve been frustrating. But the times, they are a-changin’! I will share a lot of charts and tables (in no particular order) as to why we think this underloved, underappreciated, and underowned area …
Ryan Detrick
July 17, 2024
Inflation is Last Year’s Problem
Inflation is no longer the primary concern for investors, as market dynamics begin to shift and new opportunities arise. How do recent inflation trends impact market behavior? What are the implications of the recent rally in small caps, and how do geopolitical events influence market reactions? In this episode, Ryan Detrick, Chief Market Strategist at …
Ryan Detrick
July 17, 2024