Investments
Buy In May and Stay? At Least in an Election Year
“Spring is nature’s way of saying, ‘Let’s party!'” – Robin Williams 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 the six months starting in May are indeed the worst …
Ryan Detrick
April 30, 2024
Under the Hood: AI Spending is Booming as Tech Giants Battle for Dominance
“Once cars become truly self-driving, they’ll be as revolutionary as the personal computer.” – Bill Gates Last week, four of the Magnificent Seven – Microsoft, Meta, Alphabet, and Tesla – reported quarterly earnings. This was a litmus test for investors looking to see if these tech behemoths could keep powering the market higher, and …
Carson Group
April 29, 2024
Underlying Economic Growth Is Strong, and Here Are 5 Reasons Why
Headline GDP growth in the first quarter disappointed, but as I pointed out yesterday, underlying growth was actually quite strong. The good news is that the cyclical areas of the economy, namely housing activity and business investment, are seeing strong growth despite the hurdle of higher interest rates. That’s really icing on the cake. The …
Sonu Varghese
April 26, 2024
The Headline GDP Number Masks a Strong Economy
The economy grew 1.6% in the first quarter, after adjusting for inflation. This was well below expectations for a 2.5% increase, and significantly below the 3.4% increase we saw in the last quarter of 2024. It also ended a streak of growth above 2% for six consecutive quarters. So, what happened – is growth really …
Sonu Varghese
April 25, 2024
Opportunities in Fixed Income
We’ve written a lot recently (here, here, and here) on the recent backup in yields as Fed Reserve interest rate cuts have been repriced following hotter-than-expected inflation and stronger-than-expected economic growth. Interest rate volatility as measured by the MOVE Index, the VIX’s cousin but for bonds instead of stocks, has also subsequently picked back up …
Grant Engelbart
April 24, 2024
Yes, Stocks Can Go Down
Market volatility is a constant companion for investors, but understanding the underlying economic indicators can provide a clearer path forward. How do we interpret the recent market pullback? What do the surging yields and inflation data tell us about the future economic outlook? In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & …
Ryan Detrick
April 24, 2024
Let’s Talk about Geopolitical Events
“There are decades where nothing happens; and there are weeks where decades happen.” Source Unknown The escalating tension between Israel and Iran has many investors worried about what could happen next. Although we won’t pretend to know the answer, we do understand that while geopolitical events can cause near-term market volatility, they rarely cause …
Ryan Detrick
April 23, 2024
Under the Hood: Key Takeaways from Early Earnings Reports
“Wall Street tends to overreact when it gets worried about earnings” – Michael Price As we begin to sift through reports from the start of the earnings season, the takeaway message appears to be ‘good but not great.’ Analysts were expecting sluggish growth in the first quarter with sequential acceleration as the year progressed. …
Carson Group
April 22, 2024
3 Big Themes, and What It Means for Investing
One of the central themes in our 2024 Outlook was higher productivity growth over the next several years. The key idea was that tight and mature labor markets enhance worker productivity and incentivize businesses to organize work more efficiently and invest in technological resources. That’s something that doesn’t happen when labor is cheap. With better …
Sonu Varghese
April 19, 2024
Rates Are Higher, Just Like Everyone Expected
“If everyone is thinking alike, then somebody isn’t thinking.” -General Patton The quote above is one that I’ve used more in my career than probably any other quote. Markets are all about what is priced in and what isn’t, suggesting that the big opportunities can be found by going against the crowd in some …
Ryan Detrick
April 18, 2024
The Art of Investing
“It’s obvious that studying history and philosophy was much better preparation for the stock market than, say, studying statistics. Investing in stocks is an art, not a science, and people who’ve been trained to rigidly quantify everything have a big disadvantage.” -Peter Lynch For more than twenty years, I’ve invested in individual stocks with …
Carson Group
April 17, 2024
Talking About AI with Dan Ives
Discover the transformative power of AI as we explore its impact on the tech industry and beyond! This week on the Facts vs Feelings podcast, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, chat with Dan Ives, Managing Director, Equity Research at Wedbush Securities. They …
Ryan Detrick
April 17, 2024