Ryan Detrick

For investors who took a break from the market during Thanksgiving week, one of the biggest Wall Street headlines they may have missed was U.S. President Joe Biden’s decision to renominate Federal Reserve Chairman Jerome Powell for a second term in the position as the Fed begins its post...

President Joe Biden announced Monday he will be renominating Federal Reserve Chairman Jerome Powell for a second term as Fed chair and will nominate Fed Governor Lael Brainard as vice chairman. Biden was widely expected to nominate either Powell or Brainard for the position of Fed chair. Powell was...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.2% on Wednesday, kicking off September on a high note after seven consecutive months of gains. Unfortunately, September has historically been the worst month for the stock market, so the S&P 500’s seven-month winning streak...

August and September have historically been relatively weak months for the S&P 500, but LPL Financial Chief Market Strategist Ryan Detrick says August has been a particularly disappointing month following U.S. election years. What To Know: Detrick pointed out that since 1950, post-election...

The SPDR S&P 500 ETF Trust (NYSE: SPY) bounced off its early Monday lows but still closed down 1.4%, while the Dow Jones Industrial Average dropped 725 points for its worst day of 2021. The primary catalyst driving the market lower appears to be a rise in COVID-19 cases (specifically in regards...

The S&P 500 has nearly doubled off its pandemic low in March 2020, and there are plenty of reasons for investors to be optimistic about the U.S. economic rebound in the second half of 2021. However, LPL Financial said investors should keep their expectations for additional stock market upside...

Since the beginning of November, the SPDR S&P 500 ETF Trust (NYSE: SPY) has rallied 13.8% to close out a volatile and unpredictable year on a high note. Not only is the late-year rally good news for investors’ 2020 returns, it also may bode very well for 2021. Finishing Strong: On...

The Dow Jones Industrial Average eclipsed the 30,000 level for the first time on Tuesday. It took the Dow 17 years to make it from 10,000 to 20,000, but less than four years to reach the 30,000 level. The 30,000 level is a nice psychological milestone, but investors are already asking themselves...

The S&P 500 started with the best November ever with a 7.4% gain in the first four days and joined an elite performance club. Four Days of 1%: The S&P 500 gained over 1% in each of the first four days of November. This was something that had only been accomplished three other times since...

If you’re reading this on October 28, you’ll be happy to know that today is statistically the best trading day of the year. The S&P 500 has posted the largest gain on October 28 dating back to 1950. What To Know: CNBC's Carl Quintanilla shared a chart from LPL Financial advisor...

Former Vice President Joe Biden has a sizable lead over President Donald Trump in the polls following the final presidential debate on Thursday night. The SPDR S&P 500 ETF Trust (NYSE: SPY) is up 4.4% in the past month reading into the final stretch before Election Day. However, from a...

The Past Week, In A Nutshell What Happened: Last week ended positive alongside vaccine optimism and a retail sales beat. Remember This: “Regardless of who may win the election, we think the continued economic rebound will support future equity gains,” said Ryan Detrick, chief market...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 1.5% on Wednesday following the first U.S. presidential debate on Tuesday night. LPL Financial Chief Market Strategist Ryan Detrick said that despite a chaotic debate, there was little substantive market-moving news from the two...

The SPDR S&P 500 ETF Trust (NYSE: SPY) was trading lower by another 2.1% on Friday morning despite a better-than-expected August jobs report from the Department of Labor. The U.S. economy added 1.37 million jobs in August, topping consensus economist estimates of 1.32 million. In addition, the...

On Wednesday, Bank of America raised its 2020 S&P 500 EPS estimate and made its first projections for 2021. Analyst Savita Subramanian is projecting a significant rebound in S&P 500 earnings, but said investors shouldn’t expect the economy to fully recover its profits until at least...