Ryan Detrick, CMT
@RyanDetrick
Chief Market Strategist at @CarsonGroupLLC
๐ for the perfect BBQ
Host to the Facts vs Feelings podcast
CNBC Contributor
Portfolio Manager to +$8B in AUM
1.5K Following 223.7K Followers
High beta breaking out relative to low vol and staples breaking down relative to the S&P 500.
These aren't things you'd expect to see if the market was about to fall apart. Yes, breadth is weak, but there are many positives out there.
Nice one @TheChartReport
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Thanks @sam_vadas and @SchwabNetwork for having me back on today! ๐๏ธ
Best day in months for the ๐ s. Coincidence? Maybe not, as that second half of September rally we've been discussing all month is likely happening.
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Don't short a dull market, as it's a "really dull market," according to @RyanDetrick.
The large-cap tech "comeback that is happening right now is real" and is something we could see continue into the fourth quarter, he tells @sam_vadas.
He also dives into what a rate hike means for the market and why he believes the Fed isn't as hawkish as some may think.
For more market news, tune in at:
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Appreciate the opportunity to join @TheDomino on the @CNBCClosingBell panel with @AAmoroso_1 and @StocktonKatie today!
We've been expecting a better second half of September and it looks like that has started. ๐๏ธ
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Set to join @TheDomino on @CNBCClosingBell next!
I am set to join @TheDomino on @CNBCClosingBell today right at the top of the show at 3pm ET.
๐ฅ panel with @StocktonKatie and @AAmoroso_1. Tune in! ๐ฟ ๐๏ธ
The S&P 500 is up 2.7% the three days after the Fed meeting.
This is the best three day rally since the three days after the Fed meeting six weeks before.
S&P 500 revenue growth est for Q3 ~ 12%, well above trend
Huge bump from tech (again!) incl semis (+80%)
Meanwhile the Warsh Fed isn't inclined to stop this train. New blog on a still dovish Fed, nevermind the hike ๐
@RyanDetrick @CarsonResearch
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Well, guess that Black Monday we are promised each week has to wait another week.
For now, that strong second half of September rally we've been discussing all month appears to be happening.
I am set to join @TheDomino on @CNBCClosingBell today right at the top of the show at 3pm ET.
๐ฅ panel with @StocktonKatie and @AAmoroso_1. Tune in! ๐ฟ ๐๏ธ
Initial claims below 200k, continuing claims down 10% the past year, the control group running at 5% plus the past three months, and restaurant spending at 10%.
Yes, yields and oil are higher, but that isn't slowing down the consumer yet.
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I am set to join @janetonthemoney in about 15 minutes on @BizBriefing!
@SXMBusiness channel 132 ๐ง
We are LIVE at 9AM ET with @JanetOnTheMoney!
GUESTS:
- @RedDogT3
- @RyanDetrick
- @BrianMoran
- @MichaelRStrain
- @JeremyDSchwartz
๐Tune in on @SXMBusiness๐
Don't short a dull market?
They told us all month how bearish September is, yet we haven't seen a single 1% drop and the S&P 500 hasn't gained or lost 1% for the full week for four weeks in a row.
Holding above the early June peak and now the upward sloping 20-wk.
Our call for a choppy to weak first half of September, then a big rally the second half hasn't been a popular call. We still think it is possible.
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The best month of the year in a midterm year is October.
The second best month of the year in a midterm year is November.
Almost there.
As nearly everyone has noted, breadth has been weak the past month or so.
@scottcharts noted one positive is breadth peaked with price this time. Remember, at major peaks you see breadth peak well before price.
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Septemberphobia is real
* Longtime bulls are cutting targets
* AAII bears most since Liberation Day
* NAAIM down 30% the past 3 weeks
Will higher rates kill the ๐ market?
@sonusvarghese and I discuss in our latest Glass Half Full video.
Septemberphobia is real
* Longtime bulls are cutting targets
* AAII bears most since Liberation Day
* NAAIM down 30% the past 3 weeks
As nearly everyone has noted, breadth has been weak the past month or so.
@scottcharts noted one positive is breadth peaked with price this time. Remember, at major peaks you see breadth peak well before price.
Show more
The best month of the year in a midterm year is October.
The second best month of the year in a midterm year is November.
Almost there.
Don't short a dull market?
They told us all month how bearish September is, yet we haven't seen a single 1% drop and the S&P 500 hasn't gained or lost 1% for the full week for four weeks in a row.
Holding above the early June peak and now the upward sloping 20-wk.
Our call for a choppy to weak first half of September, then a big rally the second half hasn't been a popular call. We still think it is possible.
Show more
Dear @Giants fans,
Thank you for giving us Dexter Lawrence. He was a one man wrecking crew today.
From all @Bengals fans ๐
๐ฏ
