Facts vs Feelings with Ryan Detrick & Sonu Varghese
This podcast takes a deep dive into the market-moving events to cut through the noise and help you identify what really matters. Facts vs Feelings is hosted by Chief Market Strategist, Ryan Detrick and VP, Global Macro Strategist, Sonu Varghese, and is a product of the Carson Investment Research Team.
The information included herein is for informational purposes and is intended for use by advisors only, and should not be copied, reproduced, or re-distributed without the consent of CWM, LLC. Carson Partners offers investment advisory services through CWM, LLC, an SEC Registered Investment Advisor. Carson Coaching and CWM, LLC are separate but affiliated companies and wholly-owned subsidiaries of Carson Group Holdings, LLC. Carson Coaching does not provide advisory services.
Facts vs Feelings with Ryan Detrick & Sonu Varghese
Don’t Sleep on Momentum (Ep. 160)
In the latest episode of Facts vs. Feelings, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, discuss the powerful role of momentum in today’s markets and what investors should expect heading into year-end. They examine how the S&P 500’s impressive rally fits into historical context, why tech leadership remains dominant, and how market breadth and global participation are evolving. The conversation also explores the impact of Federal Reserve policy shifts, cooling trade tensions, and the surprising resilience of the U.S. economy.
Key Takeaways
- Historic Market Strength: The S&P 500 has gained nearly 23% over the past six months, placing this move in the top 4% of all six-month returns. History shows that strong momentum often leads to continued upside in the following year.
- Tech-Driven Leadership: The recent rally has been powered largely by technology. The Magnificent Seven continue to dominate, with the S&P 500 Technology Index up 44% over six months.
- Global Momentum: It’s not just the U.S.—developed and emerging markets are rallying too. South Korea, Taiwan, and China are leading EM gains, while countries like South Africa, Mexico, and Japan also show strong performance.
- Economic Resilience: Despite talk of a “K-shaped” economy, U.S. GDP growth remains near 2%. Earnings are rising across sectors, with 80% of companies beating on both revenue and profits.
- Trade Tensions Easing: The U.S.–China trade war appears to be cooling, with both sides de-escalating tariffs and trade restrictions. China is resuming soybean purchases and suspending certain export controls, while the U.S. has paused new restrictions—reducing a major geopolitical headwind.
- Fed’s Delicate Balance: The Federal Reserve cut rates again, bringing total cuts to 150 basis points since the cycle’s peak. While inflation remains a concern for some members, Powell’s comments suggested a dovish tone, emphasizing that inflation pressures are manageable and economic momentum remains intact.
Connect with Ryan:
• LinkedIn: Ryan Detrick
• X: @ryandetrick
Connect with Sonu:
• LinkedIn: Sonu Varghese
• X: @sonusvarghese
Questions about the show? We’d love to hear from you! factsvsfeelings@carsongroup.com
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#FactsVsFeelings #MarketMomentum #RyanDetrick #SonuVarghese #CarsonGroup #InvestingInsights #StockMarket #EconomicOutlook #FederalReserve #GlobalMarkets
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