Ryan Detrick PRIVATE

Chief Market Strategist at @CarsonGroupLLC

[Ryan Detrick, CMT @RyanDetrick]

Yet another new high in the S&P 500 advance/decline yesterday, even though the index fell.

Breadth leads price and is another clue new highs are coming sooner than later.

[Ryan Detrick, CMT @RyanDetrick]

S&P 500 components above 20-day and 50-day MAs near potential trendline support.

[Ryan Detrick, CMT @RyanDetrick]

The S&P 500 fell yesterday, but again more advancers than decliners. 272 vs 228.

[Ryan Detrick, CMT @RyanDetrick]

14 years ago right now, Bill Gross said "the cult of equities" was dead and stocks would be a horrible investment going forward. This was huge news at the time and many believed him.

At the time, I was on record he was dead wrong and to fade him.

He claimed the decades long return of 8-10% would stop.

He was kind of right, as it has instead been an amazing 13% annualized the past 14 years (450% gain since July 2012).

This horrific call was just before stocks would break out in March 2013 and start the current decade plus long secular 🐂 market. The same secular bull that likely has many years left.

https://t.co/RMhbVJn01e

[Ryan Detrick, CMT @RyanDetrick]

Make that 300 days in a row the S&P 500's 200-day MA has pointed higher.

Many times over this timeframe we've been told how bad it'll get, but it wasn't ever true and this longer-term trendline was a big clue.

Nice one from @granthawkridge in his AM note today.

[Ryan Detrick, CMT @RyanDetrick]

PPI likely ends the "Fed might hike in July" talk.

We found it somewhat ridiculous it even was considered and we remain in the camp the Fed is on pause the rest of 2026.

[Ryan Detrick, CMT @RyanDetrick]

Our team shared their favorite charts from the first half of 2026 here. @CarsonResearch

https://t.co/T5m9reFDLm

[Ryan Detrick, CMT @RyanDetrick]

Facts vs Feelings 🎙️ Midyear Outlook 2026: Still Riding The Wave 🌊 🌊

@sonusvarghese and I discussed our SPX target raise, AI capex as a macro story, and the inflation problem nobody seems to mention:

📈 2026 S&P 500 target raised from 12-15% to 15-18%. Already up 11% with half the year left.

🏗️ AI hardware and software (before you even count data centers) drove ~45% of real GDP growth the last five quarters. About 90bps a quarter.

💸 Hyperscaler 2026 capex estimates: $470B in November, $740B today. 2027 went $530B to nearly $900B.

📊 2026 EPS estimates: $308 to $339 since January. 2027 up 12%.

🔥 Inflation isn't going away. Tariffs, reshoring, and rising software prices. The opposite of the 1990s.

Plus the labor market, sector rotation, midterm volatility, and gold.

All links below 👇 🎙️ 🔥

[Ryan Detrick, CMT @RyanDetrick]

Mr @WarrenPies was all over this 👏

[Ryan Detrick, CMT @RyanDetrick]

The number of stocks in the S&P 500 above their 200-day MA continues to trend higher and is close to 70%, the highest level since February.

This is not bearish action and suggests the surprise summer rally has legs.

[Ryan Detrick, CMT @RyanDetrick]

The NYSE common stock only advance/decline line hit the highest level in history yesterday.

This is another clue the underpinnings to this bull market are just fine and higher prices are likely.

[Ryan Detrick, CMT @RyanDetrick]

I'm scheduled to join @LesliePicker today at 3:35pm ET on @CNBCClosingBell!

We just released our @CarsonResearch Midyear Outlook and we will discuss why we are Still Riding the Wave in 2026 🌊🌊

[Ryan Detrick, CMT @RyanDetrick]

Just had a call with my friend @HardikaInvests and she will also be on @PowerLunch around 2:15pm ET. Tune in 📺 🍿

[Ryan Detrick, CMT @RyanDetrick]

Tech is down 2%.

Only one other sector is lower (industrials down 0.5%).

The other 9 are all green.

[Ryan Detrick, CMT @RyanDetrick]

🤔🤔🤔

[Ryan Detrick, CMT @RyanDetrick]

Three bubbly looking charts from @Callum_Thomas in his note today.

[Ryan Detrick, CMT @RyanDetrick]

S&P 500 Q2 YoY EPS up to 24.7% from 23.2% last week.

Nearly all due to the historic jump in financials from 5.5% to 17.9% in ONE week.

[Ryan Detrick, CMT @RyanDetrick]

Even though the S&P 500 fell 1% on Friday, 57 stocks hit a new 52-week high.

[Ryan Detrick, CMT @RyanDetrick]

68% of the components in the S&P 500 are above their 200-day MA and trending higher.

[Ryan Detrick, CMT @RyanDetrick]

Set the alarm early! ⏰☕

I have double duty on @CNBCMorningCall tomorrow morning with @MorganLBrennan to break down the latest market trends, economic data, and what to watch next. 📈📊

​🗓️ Tomorrow (Monday, July 20)
⏰ 5:30 AM ET & 5:50 AM ET
📺 @CNBC