Facts vs Feelings with Ryan Detrick & Sonu Varghese

The art of stock picking is a skill that can lead to significant rewards for those who master it. How does one sift through the noise to identify undervalued gems? What does it take to maintain a long-term perspective in a market driven by short-term sentiments? In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, sit down with Eddy Elfenbein, Portfolio Manager, to explore his journey as a well-known stock picker. They dive into several topics, such as Eddy's approach to selecting stocks, his ETF, thoughts on macroeconomic trends, and the importance of being optimistic about the stock market. Eddy discusses: Resources: factsvsfeelings@carsongroup.comConnect with Eddy Elfenbein: X: Eddy ElfenbeinWebsite: Crossing Wall StreetConnect with Ryan Detrick: LinkedIn: Ryan DetrickX: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu VargheseX: Sonu Varghese About Our Guest: Eddy Elfenbein is a passionate and dedicated individual who has devoted his career to helping investors navigate the stock market. He is the founder of a website, Crossing Wall Street, where he shares his unbiased views on the market. Eddy believes in the power of the stock market as the most consistently successful way to make money over the long term. He is a firm advocate of the ‘buy and hold’ strategy, emphasizing the importance of investing in outstanding companies. His goal is to help people avoid common investing mistakes and become successful investors. In addition to his website, Eddy also manages an Exchange Traded Fund (CWS) based on his Buy List.

Staying on top of market trends and reviewing investment strategies is crucial for investors looking to optimize their portfolios. What does May look like historically when we look back on previous years? In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, discuss the current state of the market, exploring what to expect in May and the factors influencing its direction. Additionally, they touch on GDP, inflation, and the Fed. Ryan and Sonu discuss: Resources: factsvsfeelings@carsongroup.comConnect with Ryan Detrick: LinkedIn: Ryan DetrickX: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu VargheseX: Sonu Varghese

Market volatility is a constant companion for investors, but understanding the underlying economic indicators can provide a clearer path forward. How do we interpret the recent market pullback? What do the surging yields and inflation data tell us about the future economic outlook? In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, explore the recent market pullback, the surge in yields, and what these indicators mean for the economy. They dive into the reasons behind the market’s behavior, the impact of inflation data, and the Federal Reserve’s potential actions. Ryan and Sonu discuss: Resources: factsvsfeelings@carsongroup.comConnect with Ryan Detrick: LinkedIn: Ryan DetrickX: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu VargheseX: Sonu Varghese

Discover the transformative power of AI as we explore its impact on the tech industry and beyond! This week on the Facts vs Feelings podcast, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, chat with Dan Ives, Managing Director, Equity Research at Wedbush Securities. They dive into the long-term implications of AI, the comparison between the current tech transformation and historical moments, and the potential of AI to drive unprecedented growth in various sectors. Dan discusses: Resources: factsvsfeelings@carsongroup.comConnect with Dan Ives: LinkedIn: Dan IvesX: Dan IvesConnect with Ryan Detrick: LinkedIn: Ryan DetrickX: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu VargheseX: Sonu Varghese About Our Guest: Daniel Ives is a Managing Director and Senior Equity Research Analyst covering the Technology sector at Wedbush Securities since 2018. Dan has been a tech analyst on Wall Street for over two decades covering the software and the broader technology sector. He spent the first few years of his career as a financial analyst at HBO and then received his MBA in Finance before becoming a globally known technology equity research analyst and Managing Director with FBR Capital Markets for 16 years, focusing on the enterprise software/hardware sectors including cyber security, cloud computing, big data technology, and the mobile landscape. A major area of his research focus is electric vehicles and disruptive technology over the next decade. Dan is a highly sought-after tech expert around the world, has been a keynote speaker across the US, Europe, and Asia, and regularly makes television appearances on networks such as CNBC, Bloomberg, BBC, NBC, CBS, ABC, CNN, and Fox News to provide commentary related to his technology expertise. Dan can be heard regularly doing radio on the tech sector for Bloomberg, ABC News, NPR, BBC, and other radio broadcasts throughout the US, Europe, and Asia. Dan is often cited globally by publications such as The Wall Street Journal, USA Today, Investor’s Business Daily, Chicago Tribune, NY Post, Los Angeles Times, The Telegraph, San Francisco Chronicle, Time Magazine, The Washington Post, The Guardian, South China Morning Post, Barron’s, The Times of London, Financial Times, The Sydney Morning Herald, and New York Times, among many others.

With the bull market we have had for several months now, it is normal for some to have doubts about its continuation. What can we expect for the markets? How is the economy doing and why should investors consider it? In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, dive into the stock market's performance amidst economic indicators and Federal Reserve policy considerations. They navigate through employment growth, GDP, inflation, and inflation expectations, illuminating how these factors influence market sentiment and investor strategies. Ryan and Sonu discuss: Resources: factsvsfeelings@carsongroup.comConnect with Ryan Detrick: LinkedIn: Ryan DetrickX: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu VargheseX: Sonu Varghese

In a world where technology rapidly reshapes the landscape of industries, disruptive innovation stands at the forefront of this transformation. It challenges the status quo, propels economies forward, and redefines what is possible. As we dive into the minds of those who navigate these territories, we gain invaluable insights into the future of finance, investment, and the global economy. In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, sit down with Cathie Wood, CEO and CIO of Ark Invest, to explore the intricacies of disruptive innovation, the significance of technical analysis in investment strategies, and the potential underestimation of GDP growth due to technological advancements. Cathie Wood shares her bullish perspective on Bitcoin and emphasizes the importance of female leadership and coding in the future of finance. Cathie discusses: Resources: factsvsfeelings@carsongroup.comConnect with Cathie Wood: LinkedIn: Cathie WoodX: Cathie WoodWebsite: ARK InvestConnect with Ryan Detrick: LinkedIn: Ryan DetrickX: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu VargheseX: Sonu VargheseAbout Our Guest: Cathie Wood registered ARK Investment Management LLC (“ARK”) as an investment adviser with the U.S. Securities and Exchange Commission in January 2014. With over 40 years of experience identifying and investing in innovation, Cathie founded ARK to focus solely on disruptive innovation while adding new dimensions to research. Through an open approach that cuts across sectors, market capitalizations, and geographies, Cathie believes that ARK can identify large-scale investment opportunities in the public markets resulting from technological innovations centered around DNA sequencing, robotics, artificial intelligence, energy storage, and blockchain technology. As Chief Investment Officer (“CIO”) and Portfolio Manager, Cathie led the development of ARK’s philosophy and investment approach and has ultimate responsibility for investment decisions. Prior to ARK, Cathie spent twelve years at AllianceBernstein as CIO of Global Thematic Strategies where she managed over $5 billion. Cathie joined Alliance Capital from Tupelo Capital Management, a hedge fund she co-founded, which in 2000, managed approximately $800 million in global thematic strategies. Prior to her tenure at Tupelo Capital, she worked for 18 years with Jennison Associates LLC as Chief Economist, Equity Research Analyst, Portfolio Manager and Director.

"Inflation is on a glide path lower." Neil Dutta from RenMac LLC shares his thoughts with us today on Facts vs Feelings, offering a fresh perspective on the current economic landscape. Despite a rocky start in January, there's a sense of optimism in the air. In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group discuss economic insights with Neil Dutta, Head of Economics, RenMac LLC. Neil challenges the consensus on slowing economic growth and dismisses long and variable lags in monetary policy. The trio also explores the role of real-world indicators, the impact of commodity shocks, and the Federal Reserve's actions on the economy. They delve into entrepreneurship, productivity, and the potential of AI in investing. Neil discusses: Resources: factsvsfeelings@carsongroup.comTalking Macro with Neil Dutta (Ep. 47)Live on Leap Day with Facts vs FeelingsRenMac PodcastConnect with Neil Dutta: Renaissance Macro ResearchLinkedIn: Neil DuttaConnect with Ryan Detrick: LinkedIn: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu Varghese About Our Guest: As Head of Economic Research, Neil Dutta leads RenMac’s macroeconomic research efforts, with an emphasis on analyzing the US economy, Federal Reserve, global trends, and cross-market investment themes. Prior to RenMac, Neil spent seven years at Bank of America-Merrill Lynch. There, he was a Senior Economist covering both the United States and Canada. Neil appears frequently in the financial press, representing the firm on Bloomberg, CNBC, and Fox Business. He has been quoted by the Wall Street Journal, Financial Times, Associated Press, and has been featured in the New York Times for his out-of-consensus economic views on a host of topics including employment, consumption, inflation, and housing. A business economist with 2 decades of sell-side experience, Neil graduated Cum Laude from New York University with a bachelor’s degree, double majoring in Economics and Political Science. In his spare time, Neil tries to entertain his three kids. When he is not at his desk, or with his kids, Neil is traveling somewhere with his wife, Puja. The couple currently resides in New Jersey after spending many years in Brooklyn.

Over the last 20 weeks, we have seen a huge rally in the stock market, led by tech stocks like Nvidia, which has led some to believe that we are in a bubble. Is that true? In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, dive into whether the market is truly in a bubble, suggesting that diversification is crucial as earnings growth shows resilience. The conversation also covers interest rates, Japan’s economy, inflation, and the impact of defense spending on the economy, hinting at potential future increases in defense investment. Ryan and Sonu discuss: Resources: factsvsfeelings@carsongroup.comConnect with Ryan Detrick: LinkedIn: Ryan DetrickX: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu VargheseX: Sonu Varghese

The market’s changing trends and sentiments play a pivotal role in determining smart investment strategies. When we look at the massive rally the stock market has seen over the last few months, what is expected for the market in the near future? In this episode, Ryan Detrick, Chief Market Strategist at Carson Group, and Sonu Varghese, VP, Global Macro Strategist at Carson Group, analyze the recent market rally and the lack of a buying frenzy, despite all-time highs. They dive into specific stocks and market sentiment, reflecting on lessons from past financial crises and the importance of a long-term perspective. The conversation also covers job reports, interest rate, productivity, and more! Ryan and Sonu discuss: Resources: factsvsfeelings@carsongroup.comConnect with Ryan Detrick: LinkedIn: Ryan DetrickX: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu VargheseX: Sonu Varghese

As the race to the White House heats up, experts from the financial sector weigh in on the high-stakes implications of the upcoming presidential election. Today on Facts vs Feelings, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group analyze the upcoming presidential election's potential effects on financial markets with Libby Cantrill, Head of Public Policy at PIMCO. They dissect the political landscape's influence on the markets and discuss Joe Biden's likelihood of remaining the Democratic nominee, comparing the current political climate to historical elections. Their conversation also covers pivotal issues that could sway key battleground states, and how re-election campaigns might influence stock market performance. Additionally, they touch on the role of Congress in fiscal policy and the implications for equity and bond markets. Libby discusses: Resources: Events.stjude.org/leapdayfactsvsfeelings@carsongroup.comConnect with Libby Cantrill: PIMCOLinkedIn: Libby CantrillConnect with Ryan Detrick: LinkedIn: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu Varghese About our guest: Ms. Cantrill is head of U.S. public policy and a managing director in PIMCO's portfolio management group. In her role, she analyzes policy and political risk for the firm’s Investment Committee and leads U.S. policymaker engagement and policy strategy for the firm. She also works closely with PIMCO’s Global Advisory Board, led by former Federal Reserve Chair Ben Bernanke. She has served as a rotating member of the firm’s Executive Committee and is a founding member of PIMCO Families and PIMCO Women. Prior to joining PIMCO in 2007, she served as a legislative aide in the House of Representatives and also worked in the investment banking division at Morgan Stanley. She has 19 years of investment experience and holds an MBA from Harvard Business School and received her undergraduate degree in economics from Brown University. Ms. Cantrill is a CFA charter holder and a regular contributor to Bloomberg and CNBC. She is also a member of the Council on Foreign Relations and sits on the boards of Covenant House New York and the Securities Industry and Financial Markets Association ("SIFMA"). Libby Cantrill is not affiliated with CWM, LLC.

Can NVIDIA sustain its remarkable earnings growth? This week on Facts vs Feelings, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group analyze the stock market's current state, with a special focus on NVIDIA's stellar earnings and the market's overall positioning. They discuss their strategic investment preferences, favoring sectors like industrials, financials, energy, and healthcare, while maintaining a neutral stance on technology and communications. They’re optimistic about the market's broad-based expansion and highlight the importance of managing volatility in their diverse portfolio offerings. Additionally, they share personal anecdotes from industry events and reflect on Warren Buffett's investment strategies, emphasizing the significance of buying at fair prices and the use of leverage. Ryan and Sonu discuss: Resources: factsvsfeelings@carsongroup.comConnect with Ryan Detrick: LinkedIn: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu Varghese

We are confronted with a key question as we deal with economic downshifts and market swings. Does the latest data really reflect an economic slowdown? In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, analyze various indicators to assess the pace of economic growth, including market performance, inflation metrics such as CPI, PPI, and PCE, and trends in retail sales and industrial production. Additionally, they explore the impact of younger generations on historical progress and provide insights into GDP growth and income trends, offering a comprehensive economic check-up. Ryan and Sonu discuss: Resources: factsvsfeelings@carsongroup.comJoin the Live on Leap Day with Facts vs Feelings!Connect with Ryan Detrick: LinkedIn: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu Varghese

Bitcoin ETFs are one of the most anticipated and debated developments in the crypto space. What are the implications for the market, the economy, and crypto's future? In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, speak with Matthew Hougan, Chief Investment Officer at Bitwise Asset Management about the impact of Bitcoin ETFs on the market, offering a new investment avenue. They explore Bitcoin's role as an asset class or currency within traditional portfolios. Ryan and Sonu also cover the CPI data, its implications for inflation, and market expectations. Listen to the episode to learn about: Resources: factsvsfeelings@carsongroup.comConnect with Matthew Hougan: LinkedIn: Matthew HouganX: Matt HouganBitwise Asset ManagementConnect with Ryan Detrick: LinkedIn: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu VargheseAbout Our Guest: Matt Hougan is a well-known expert in the fields of cryptocurrency, ETFs, and financial technology. He currently serves as the Chief Investment Officer at Bitwise Asset Management, which is the world's largest provider of cryptocurrency index funds and manages over $1.5 billion in assets. Before this, he was the CEO of ETF.com and Inside ETFs. During his tenure, he played a key role in developing the world's first ETF data and analytics system, the most popular ETF media platform, and the world's largest ETF conference. Matt serves as a board member for Equbot and is also a strategic advisor to several startups related to cryptocurrency and financial advising, such as Blockworks, Stratifi, and Exchange. He co-founded Advisor Circle, which is a product and content studio for the financial industry and also created the Futureproof Wealth Festival.

From the stock market hitting all-time highs to new tax bills, positive economic indicators, and even the Super Bowl, there's a lot to keep track of when it comes to finance and investing this week! In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, provide an in-depth analysis of current economic indicators, including jobs, productivity, and consumer confidence. They also touch on the potential for a stock market breather in February amidst election buzz. Additionally, they examine a new tax bill that could inject more money into the economy and give the stock market a boost. Ryan and Sonu discuss: Resources: factsvsfeelings@carsongroup.comConnect with Ryan Detrick: LinkedIn: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu Varghese

The stock market has been on a remarkable run, reaching new highs and defying expectations. But what are the drivers behind this rally, and what are the risks ahead? In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, analyze recent market trends, including the stock market's highs and the implications of the upcoming Fed meeting. They explore the significance of January's market performance, particularly in the financial sector, as an indicator for the year's outlook. Additionally, they cover the recent GDP report, offering insights into the economy's trajectory. Ryan and Sonu discuss: Resources: factsvsfeelings@carsongroup.comFacts Vs. Feelings Ep. 69 - Can You Take Me HigherConnect with Ryan Detrick: LinkedIn: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu Varghese

Now that the stock market has reached its all-time high, what can we expect? Which ways can the latest economic indicators and international markets affect us? In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, dive into the stock market's recent all-time highs and their implications for investors. They also cover the importance of manufacturing and high-tech industries for the economy. Additionally, they examine global economic factors, including China's influence on markets and the comparative strengths of the US economy. Ryan and Sonu discuss: Resources: factsvsfeelings@carsongroup.comConnect with Ryan Detrick: LinkedIn: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu Varghese

The world is facing unprecedented challenges and opportunities in 2024. From geopolitical tensions and trade wars to technological innovations and environmental issues. How can investors navigate these times? How will the emergence of cryptocurrencies and digital assets affect the financial system and regulation? In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, explore the economic outlook and global issues. They also dive into the implications of Bitcoin ETFs, volatility, and risk tolerance in cryptocurrency markets. Additionally, they touch on inflation and rates, referencing the CPI and PPI, the M2 concerns, and the male labor participation rate. Ryan and Sonu discuss: Resources: factsvsfeelings@carsongroup.comConnect with Ryan Detrick: LinkedIn: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu Varghese

With signals of growth faced against global uncertainties, what can we expect from the global economy in 2024? How will these factors affect the performance of various sectors and markets, and what strategies can investors adopt to navigate this year? In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, share their 2024 outlook on the economy and stock market. They analyze the surprises from 2023 and explain why there is still no likelihood of a recession. Additionally, they explore potential Fed rate cuts and provide an outlook for bonds, housing, manufacturing, and fixed income strategies. Ryan and Sonu discuss: Resources: factsvsfeelings@carsongroup.comConnect with Ryan Detrick: LinkedIn: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu Varghese

Happy New Year and welcome to the very first Facts vs Feelings episode of 2024! In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group analyze market trends and the outlook for 2024. They discuss the recent market rally, the role of inflation and the Federal Reserve, and the potential for continued growth, especially in small and mid-cap stocks. They explore economic cycle indicators, the impact of inflation and rate cuts, and the unpredictability of market returns. Forecasts for the S&P 500 are debated, with a focus on the likelihood of higher gains despite the challenges of accurate predictions. Ryan and Sonu discuss: Resources: factsvsfeelings@carsongroup.comConnect with Ryan Detrick: LinkedIn: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu Varghese

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, Global Macro Strategist at Carson Group, chat with Ed Clissold, Chief U.S. Strategist at Ned Davis Research, to explore the 2024 economic outlook of Ned Davis Research. They discuss the effects of the political uncertainty, what sectors to watch in 2024, the possibility of a shift towards small and mid-cap stocks and the implications of higher short-term interest rates. Additionally, they touch on the labor market, the Fed, and the possibility of a recession. Together they discuss: Resources: factsvsfeelings@carsongroup.comConnect with Ed Clissold: Twitter: @edclissoldLinkedIn: Ed ClissoldNed Davis Research Connect with Ryan Detrick: LinkedIn: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu VargheseAbout our guest: Ed Clissold, CFA, is the Chief U.S. Strategist for Ned Davis Research Group. He and his team are responsible for the firm’s U.S. equity, style, sector, and equity theme analysis. They do so via a combination of a top-down analysis of the macroeconomic and fundamental environments and a bottom-up analysis of factors specific to the asset class, market cap, style, sector, or theme. He and his team also provide in-depth macro research on fundamental topics such as earnings, dividends, and cash flow. Ed writes several U.S. Strategy publications, which provide an intermediate-term outlook on U.S. markets via a combination of top-down and bottom-up analyses. He also writes a quarterly Benchmarks report, which analyzes the attribution of returns across asset classes, sectors, market cap, and styles. Ed has held a number of other positions since joining the firm in 2002, including Global Equity Strategist, Senior Global Analyst in the Global Asset Allocation group, and Analyst in the Custom Research Services department. Previously, Ed worked at Strong Capital Management and as a Market Strategist at J.C. Bradford & Co.