Ryan Detrick

Friday saw a positive start for U.S. stocks, buoyed by relatively moderate job market data, capping off a week marked by not-too-hot and not-too-cold economic indicators, cementing expectations for the end of Fed rate hikes. Yet the initial optimism for a “Goldilocks” scenario was...

The S&P 500 (NYSE:SPY) may be down nearly 3% since the start of August, but come October and November, the broad market index is going to break out to new highs, setting up the market for a strong start to 2024, according to Ryan Detrick. What Happened: Detrick, chief market strategist at the...

Wall Street kicked off the week positively, boosted by an improvement in global risk sentiment following China’s announcement of a 50% reduction in the stamp duty on domestic stocks and guidelines for relaxing residential housing loans over the weekend. By midday trading in New York, all...

The major U.S. stock indices continued to weaken as of 1:30 p.m. ET trading in New York. They are poised to conclude the third consecutive week of losses, also marking the worst weekly performance since March. This losing streak has not been witnessed for the S&P 500 since March 2023 and for...

Despite a positive start, major indices are mired in red around midday in New York, reflecting persistent risk aversion. Investors remain cautious, awaiting clarity on interest rate prospects from the impending release of Federal Open Market Committee (FOMC) minutes from the July 25-26 meeting at 2...

Credit card debt in the U.S. crossed the $1 trillion mark for the first time earlier this week, and it was met with much alarm. For many, it symbolized the recklessness of consumer behavior, a ticking time bomb waiting to explode. But for Ryan Detrick, chief market strategist at The Carson Group,...

Stocks are attempting to stabilize after a volatile session on Wednesday, with the tech sector showing slight signs of recovery while awaiting the quarterly earnings reports of Apple, Inc. (NASDAQ:AAPL) and Amazon Inc. (NASDAQ:AMZN), scheduled to be released after Thursday’s closing bell....

U.S. stocks are continuing their rally Wednesday, with the S&P 500 index on track for its seventh positive session in the last eight, reaching levels last seen in early April 2022. The Dow crossed the 35,000 milestone, on track for its fourth straight session of gains. Strong earnings remain...

U.S. stocks kicked off the week on a positive note, gaining momentum as traders eagerly await a week packed with crucial corporate earnings reports, including Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS), Goldman Sachs (NYSE:GS), Tesla Inc. (NASDAQ:TSLA) and Netflix Inc. (NASDAQ:NFLX)....

Thursday saw heightened risk aversion across markets, with all major U.S. indices losing ground and the VIX volatility Index rising by more than 17%, making it one of the most volatile days of the year so far. The release of a healthy ADP employment number raised investor expectations that the...

The U.S. stock market moved slightly higher on Monday ahead of the Independence Day holiday, in a shortened session marked by light trading volumes. The second half of the year has started off with a lower-than-expected ISM manufacturing PMI, which contracted to the lowest level in over three...

The last day of the first half of the trading year is marked by broad-based gains for the U.S. stock market, with all major averages in the green, and with Apple Inc. (NASDAQ:AAPL) hitting all-time highs and crossing back above the $3 trillion-market-cap mark. A measure of how much tech stocks...

Stocks were mixed on Wednesday, with technology holding up better than the premarket predicted, despite a Wall Street Journal report that the U.S. government is considering semiconductor export limits to China. Fed Chair Jerome Powell stated at the ECB Forum on Central Banking that additional...

Stocks appear to be off to a shy start to the week, failing for the time being to recover after snapping multiweek winning streaks on Friday as the overall risk sentiment remains subdued. Tesla Inc. (NASDAQ:TSLA) is in the spotlight, losing over 2.5%, after Goldman Sachs downgraded the stock from...

Friday was a bad day for U.S. stocks, with the S&P 500 on track to end the week in the red, making it the worst week since the banking crisis in mid-March and putting an end to a five-week winning run. The U.S. dollar, Treasuries and gold all gained some ground, indicating a boost in safe haven...