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Business Insider
a day ago
- Business
- Business Insider
The U.S. Stock Market Has Made an Impressive Comeback, but Will It Last?
The U.S. stock market has made an impressive comeback since its April slump. In fact, the S&P 500 (SPY), which plunged into correction territory following President Trump's historic tariffs, is now up over 19% from its April low. Carson Group's Ryan Detrick sees this early-year bottom as a sign that 2025 could still finish with strong gains. He compared the current setup to market comebacks in 2009 and 2020, when early-year declines of over 15% were followed by double-digit rallies. '2025 bottomed in April and the slingshot effect is in full motion,' Detrick said. Confident Investing Starts Here: However, some market experts are not as optimistic. Indeed, Dan Niles, the founder of Niles Investment Management, believes that while the current rally could push stocks to new record highs in the short term, risks are building for later this year. He argues that both consumers and corporations have been pulling demand forward to get ahead of price hikes, which may have artificially boosted near-term strength. For example, Niles pointed to when Apple (AAPL) rushed its shipments of iPhones from China to avoid paying tariffs. Looking ahead, Niles warned that the market is overlooking some troubling signals, such as rising Treasury yields and a weakening U.S. dollar. He expects that as the holiday season approaches and the effects of pulled-forward demand fade, stocks could face another sharp downturn. 'The further we get into the year, [investors should] get a lot more cautious and expect another big downdraft,' Niles said. As a result, he is maintaining a defensive portfolio and raising cash in order to prepare for potential volatility. There is no doubt that the next several months will test whether this rally has staying power or if it's running on borrowed time. Is SPY a Buy Right Now? Turning to Wall Street, analysts have a Moderate Buy consensus rating on SPY stock based on 419 Buys, 79 Holds, and seven Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average SPY price target of $663.03 per share implies 10.6% upside potential.
CNBC
29-05-2025
- Business
- CNBC
This market wants to go higher, Carson Group's Ryan Detrick
Ryan Detrick, Carson Group chief market strategist, joins 'Squawk Box' to discuss the latest market trends, state of the economy, where investors can find opportunity right now, and more.
CNBC
19-05-2025
- Business
- CNBC
Stock market futures are flat after S&P 500 extends winning streak to six days: Live updates
Stock futures were little changed on Monday evening as Wall Street waits to see if last week's market rally can find new momentum. S&P 500 futures dipped less than 0.1%. Nasdaq 100 futures were down 0.1%, while futures tied to the Dow Jones Industrial Average shed 15 points, or less than 0.1%. The moves in futures follow a relatively calm trading session on Monday that saw the S&P 500 grind higher by 0.09% for its sixth straight positive session. The Dow gained about 137 points, or 0.32%, while the Nasdaq Composite ticked up just 0.02%. While Monday's gains were marginal, they do add to what has been a rapid and sharp rebound for stocks over the past five weeks. The S&P 500 is now just 3% from its record high. The gains despite continued uncertainty around the impact of tariffs on the economy and worries about a potential U.S. recession. Investors even shrugged off the downgrade of the U.S. government's credit by Moody's Ratings. That backdrop has led to some skepticism about the rally, but Carson Group chief market strategist Ryan Detrick told CNBC that the rebound should be taken seriously. "All these worries and concerns are real. We're not ignoring everything that's out there. But are we listening to what the market's doing, right? The previous 27 trading days, the S&P 500 is up close to 20%. … That's not a bear market rally. That's not a short-covering rally," Detrick said Monday on "Closing Bell: Overtime." Earnings reports will provide some fodder for the debate about the U.S. economy on Tuesday. Home Depot is set to report its latest results in the morning, while homebuilder Toll Brothers will release its quarterly report after the market closes. Traders will also keep an eye out for commentary about the Federal Reserve's interest rate policy, as several central bank officials are scheduled to speak on Tuesday, including St. Louis Fed President Alberto Musalem. Stock market futures were calm when trading resumed at 6 p.m. in New York. S&P 500 futures were down less than 0.1%. — Jesse Pound
CNBC
19-05-2025
- Business
- CNBC
The profit cycle in the U.S. is peaking, says Richard Bernstein
Ryan Detrick, Carson Group and Richard Bernstein, Richard Bernstein Advisors, join 'Closing Bell: Overtime' to discuss whether investors should be defensive or stay bullish,
CNBC
02-05-2025
- Business
- CNBC
Ryan Detrick: There are a few signs pointing towards a bullish comeback in the market
Ryan Detrick, Carson Group, chief market strategist, joins CNBC's 'Power Lunch' to discuss why he's optimistic about a potential market comeback.
