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Ryan Detrick, CMT
@RyanDetrick
Chief Market Strategist at @CarsonGroupLLC ๐Ÿ”Ž for the perfect BBQ Host to the Facts vs Feelings podcast CNBC Contributor Portfolio Manager to +$8B in AUM
๊ฐ€์ž… February 2009
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Careful what you wish for with market breadth. @sonusvarghese and I explain on Facts vs Feelings Ep. 211 ๐Ÿ’ฅ ๐Ÿ“‰ On Oct. 22, 2026, 324 of 500 S&P 500 stocks rose and the median stock gained 1.1%, yet the index fell 1.4% as tech dropped 3.3%. Tech has been a top-three sector in nearly every bull market of the past century, so defensive-led breadth is a yellow flag. Ryan still expects tech to retake the baton into year-end ๐Ÿ’ธ Meta plans to raise up to $95B in equity, SpaceX is arranging a $40B chip lease with Apollo, and Anthropic and Broadcom announced $63B in infrastructure financing. CDS spreads have jumped, with CoreWeave at 1,150 bps vs. 550 in June and SpaceX, Nvidia, and Meta wider too ๐Ÿ“„ Anthropic's S-1 shows annualized revenue climbing from $1.5B in Q1 2025 to over $45B in Q2 2026, alongside $637B in infrastructure commitments. The question is whether demand keeps up ๐Ÿ—ณ๏ธ Brazil's EWZ fell nearly 20% after a runoff result that prediction markets missed. Traders had Flรกvio Bolsonaro as a heavy favorite while polls showed a dead heat ๐Ÿ”„ From April to December 2000, the S&P 500 fell 11% while healthcare, utilities, and staples surged. Sonu walks through the low-vol and momentum barbell as a way to ride AI without the wipeout ๐Ÿฆ Oil above $100, nominal GDP near 7%, and a 10-year near 5% keep the Fed leaning hawkish. Markets are pricing more tightening than even the most hawkish Fed members project Contrarian signals are flashing too. Software gained 6%+ last week, hedge fund shorts are at a five-year high, and the S&P 500 has been higher a year after each of the last 19 midterms. Full episode ๐Ÿ‘‡
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