Here Comes the Santa Claus Rally🎅❄🎄🎁🦌
“If Santa should fail to call, bears may come to Broad and Wall.” —Yale Hirsh One of the little-known facts about the Santa Claus Rally (SCR) is that it isn’t the entire month of December; it’s actually only seven days. Discovered in 1972 by Yale Hirsch, creator of the Stock Trader’s Almanac (carried on now …
Four More Reasons ’24 Should Be a Good One for the Bulls
“Investing is like dieting. It is simple, but not easy.” Warren Buffett, Chairperson at Berkshire Hathaway It was a year ago this week that we moved to overweight equities and we’ve been there ever since. Obviously, this wasn’t a very popular call, as nearly everyone else on Wall Street was expecting a recession and the …
Discussing NDR’s 2024 Outlook with Ed Clissold
With 2024 just around the corner, there are big uncertainties for the U.S. economy regarding inflation, interest rates, political uncertainty, and a possible recession. How can investors navigate this complex and volatile environment? What are the sectors to look at? In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, …
All About Dow New Highs
“Don’t count the days, make the days count.” -Muhammad Ali In the face of many worries, stocks have put together a historic year in ’23. To top things off, the Dow just hit a fresh new all-time high, its first new high since January 4, 2022. New Highs Happen More Than You Think Interestingly, …
Good News is Good News
The U.S. economy has been showing signs of strength, despite the challenges posed by the pandemic and ever-evolving global uncertainties. One of the most encouraging indicators is the unemployment rate, which fell to 3.7% in November. What does this mean for the markets? What is the outlook for 2024? In this episode, Ryan Detrick, Chief …
Some More Good News for Bulls
“Never bet on the end of the world. It never ends, and if it does, who will you settle the trade with?” -Art Cashin, Managing Director at UBS After one of the best months in history last month, the good news is we still see potentially bullish times coming. Here are a few things that …
Things You Don’t See in A Recession
“There are no gains, without pains.” – Benjamin Franklin Incredibly, many strategists and economists continue to say we are headed for a bear market and a recession in ’24. That’s right, it is Outlook season and some of the forecasts for ’24 have been quite dour. The good news is we’ve been hearing this from …
Things You Don’t See in a Recession Part 2
Recessions are periods of economic contraction that typically last for several months or longer. With all the news about a possible recession for 2024, will we actually experience one? In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, explore some of the indicators …
Let’s Talk About Santa and December
“It’s not supposed to be easy. Anyone who finds it easy is stupid.” -Charlie Munger, Vice Chairman at Berkshire Hathaway Before we get into today’s blog, I wanted to take a second and give thanks to Charlie Munger, who passed away Tuesday, and all he has done to make this world a better place. There …
Welcome to the Year End Rally
The stock market is often a reflection of the economy, the consumer, and the sentiment of the investors. Based on the increases we’ve seen over the past four weeks, what can we expect for the end of the year? In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global …