Barry Gilbert

[Ryan Detrick, CMT @RyanDetrick]

Nice 🧵 on the long win steak and seasonals from our team here.

👇 👇

[Carson Wealth @CarsonWealth]

The S&P 500 has now gained for 9 straight weeks.

At the same time, consumers are still spending despite slower income growth and a falling savings rate.

Here's what's driving the disconnect: https://t.co/UZJ59HIrsC

[Carson Investment Research @CarsonResearch]

Are we in a bubble?

Our team says the sharper question is relative. One area's overvaluation is another's opportunity. Here's what's shifted since our 2026 Outlook:

https://t.co/Jx5OUPqvan

[Matthew B @boes_]

U.S. capital goods imports—which include the semiconductors and computing equipment fueling the data center buildout—rose a record 40.1% in the 12 months through April, according to trade data out this morning from the Census Bureau (https://t.co/dpi23PmCTa)

[Ryan Detrick, CMT @RyanDetrick]

Day 100 of 2026 and the S&P 500 is up a very impressive 9.9% YTD.

22 other times it was up >9% YTD on this day and the rest of the year was higher 86.4% of the time (19 out of 22) and up another 8.1% on average.

This does little to change our overall bullish thesis.

[Carson Investment Research @CarsonResearch]

The right question isn't how many positions you hold. It really comes down to whether each one has a purpose.

Complexity is fine when it earns its keep (diversification, tax management, targeted exposure).

Complexity for its own sake is just expensive packaging.

[Carson Investment Research @CarsonResearch]

Own one S&P 500 ETF? You technically own 503 stocks.

97% of them sit at a 1% weight or less. 66% are under 0.1%.

Tons of tiny positions, you just don't see them.

[Carson Investment Research @CarsonResearch]

Powell is out. Warsh is in.

The old narrative says new Fed chairs get tested by the market, but the data is a lot messier than the cliché.

@RyanDetrick dug into 8 weeks of gains, Powell's legacy, and what history says about new leadership.

https://t.co/1aGkRUWhJw

[Carson Investment Research @CarsonResearch]

"How many positions should I have in my portfolio?"

It's one of the most common questions we get. The honest answer: it depends. But there's a useful way to think about it,

🧵

[Sonu Varghese @sonusvarghese]

Momentum surging 🚀

Last 12M 👇
S&P 500 Momentum: 42.2%
S&P 500: 27.3%
Excess: +15% (91st percentile over last 40 years)

Last 3 years 👇
S&P 500 Momentum: 41.3% (annualized)
S&P 500: 21.6%
Excess: +19.7% (99th percentile over last 40 years)

🤞

@CarsonResearch @RyanDetrick

[Barry Gilbert @gilbert3142]

I was there and verify the below. It was an impressive accomplishment.

[Ryan Detrick, CMT @RyanDetrick]

Once at @LPL I did our Morning Call on an hour of sleep after a full night out with our Advisors at Focus in San Diego. I had no prep and no idea what the market did the day before.

@jbuchbinder_LPL can verify, it was maybe the most impressive thing I did in 6 years there.

[Ryan Detrick, CMT @RyanDetrick]

Do Stocks Really Test New Fed Chairs?

I take a look in my latest @CarsonResearch blog.

https://t.co/BSSUbPTtKS

[Carson Wealth @CarsonWealth]

Stocks are acting like growth is still in charge. Bonds are acting like inflation is still the problem.

Our Market Commentary looks at why both can be true right now: https://t.co/ORSKSuufsf

[Ryan Detrick, CMT @RyanDetrick]

The S&P is up about 9% YTD.

12-month EPS estimates are up an incredible 14%.

In other words, stocks are cheaper now than they were at the start of the year.

[Sonu Varghese @sonusvarghese]

@RyanDetrick Over the 5.5 year period from 1978 to mid-1983, when inflation surged & Volcker raised rates to 15%+, the S&P 500 gained 77% (136% total return, 16.9% annualized)

Even from 8/6/79 (Volcker start)- 12/31/83, S&P 500 gained 35% (62% TR = 15.3% annualized)

https://t.co/VodzoZY9Jw

[Carson Wealth @CarsonWealth]

Inflation is still hot. Stocks are still climbing.

That disconnect may feel hard to reconcile for investors watching borrowing costs continue to rise.

More in this week’s Market Commentary. https://t.co/4DdF7DAwGP

[Ryan Detrick, CMT @RyanDetrick]

The last three times we had a 7 week win streak for the S&P 500 that was up more than 10% saw stocks up more than 20% a year later each time.

In fact, never lower a year later looking at all seven prior instances. I'd file this in the good news file.

[Carson Investment Research @CarsonResearch]

Six months into 2026, Carson's inflationary-growth thesis is playing out. The labor market turned a corner, the AI wave got bigger, and inflation is still hot.

@sonusvarghese on why we're still riding the wave, and how we're guarding against a wipeout👇

https://t.co/QVjBEE5Fao

[Ryan Detrick, CMT @RyanDetrick]

This streak could end today.

Eight 1% gains in a row without a 1% decline, longest in nearly 10 years.

Bottom line? A day like today was more than due.

[Sonu Varghese @sonusvarghese]

Looks like the bond market is reminding everyone that the Strait remains closed*

2y yields: 4.05
10y: 4.54
30y: 5.09

* And China isn’t going to do anything to help open it up