Latest news with #RyanDetrick
Yahoo
2 days ago
- Business
- Yahoo
The S&P 500 Index Just Did Something for Only the 5th Time in 50 Years -- History Says a Monumental Move Could Follow
Key Points The S&P 500 recently traded above its 20-day moving average for 60 days. This doesn't happen often. Some trend watchers are optimistic. 10 stocks we like better than S&P 500 Index › The market has been buzzing. After nearly tipping into bear territory in April, the S&P 500 index has stormed all the way back to hit all-time highs and is now up about 8% on the year as of July 23. While volatility has calmed down a bit since President Donald Trump first announced high tariff rates back in April, nothing has been able to slow the market down, despite renewed focus on tariffs, some data indicating the economy is slowing, and increasing concerns about the U.S. government's fiscal situation. In fact, the market just did some for only the fifth time in 50 years, and history says that a monumental move could follow. Can the bull market keep going? As reported by MarketWatch, Ryan Detrick, the chief market strategist at the Carson Group, recently crunched some data and found an interesting stat about the recent performance of the broader benchmark S&P 500. On July 21, the S&P 500 closed above its 20-day moving average for 60 straight days. Investors use moving averages to chart levels that could indicate some kind of breakout, meaning stocks heading higher. It's used more by technical strategists, but can be useful for all investors when it comes to identifying trends or sentiment. The S&P 500 has only achieved this feat four other times dating back to 1975, according to Detrick. The good news for investors following this analysis is that when the market has finished above its 20-day moving average for 60 consecutive days in the past, good things have tended to happen, with the average return between 20% and 26% over the next year. Looking out one month, three months, six months, and a year from this event, there are only a few instances in which the market turned red. "It is what it is, yet another clue this bull market has legs," Detrick wrote in a research note. As of this writing on July 23, the S&P 500 looks to be about 1.9% above its 20-day moving average. History rhymes but rarely repeats When it comes to looking at broader market trends, historical data is a great resource. However, history rarely repeats itself exactly, even if different situations often have parallels. That's why market downturns and recessions usually are unexpected, even when people are constantly worrying and watching. Given the amount of volatility the S&P 500 has experienced this year, it's quite possible the roller-coaster ride continues, and then the market still ends much higher one year from now. After all, the market is still dealing with high uncertainty about tariffs, potential concerns about inflation reigniting, and a potential slowdown of the labor market and economy. So I think investors would be right to remain somewhat cautious and remember that market structure has changed a lot over the past several decades. That said, none of these concerns are exactly new, economic data has largely held up well, and it's possible that Trump's recent "one, big beautiful bill," which includes trillions in tax cuts, continues to propel economic growth, at least in the near term. Ultimately, investors are best off trying to take a long-term view, and not buying into individual stocks trading at meteoric valuations or those detached from fundamentals. The longer one holds their investments, the smaller the chance they have of losing money, and most long-term investors tend to do quite well. Do the experts think S&P 500 Index is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did S&P 500 Index make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,041% vs. just 183% for the S&P — that is beating the market by 858.71%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The S&P 500 Index Just Did Something for Only the 5th Time in 50 Years -- History Says a Monumental Move Could Follow was originally published by The Motley Fool Sign in to access your portfolio
CNBC
22-07-2025
- Business
- CNBC
S&P 500 futures are little changed after index notches back-to-back closing records: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell on July 18, 2025, in New York City. Stock futures are near flat Tuesday night as investors wondered if the S&P 500 could continue trading around all-time highs with big tech earnings kicking off. Dow Jones Industrial Average futures gained 46 points, or 0.1%. S&P 500 futures sat near flat, while Nasdaq 100 futures ticked down 0.1%. Those moves follow a second straight day concluding at a high for the S&P 500 , which inched up 0.06% in the session. Tuesday marked the 11th closing record of 2025 for the benchmark index. The 30-stock Dow climbed nearly 180 points in the session. The tech-heavy Nasdaq Composite , on the other hand, fell about 0.4% as chip stocks took a hit. "There's not a lot of optimism," said Ryan Detrick, chief market strategist at Carson Group, on CNBC's "Closing Bell." But, "we said there'd be a summer rally. It wasn't popular. It's happening. We think it's not over yet," he added. Investors are awaiting earnings from Alphabet and Tesla expected Wednesday after the bell. They are the first reports of the earnings season from the megacap technology sector, a group that's been closely watched given its market leadership in recent years. Beyond big tech, investors will also monitor reports from Hasbro before the bell, followed by Chipotle Mexican Grill and Mattel after the market closes. These releases come amid a busy earnings week. Of the approximately 17% of S&P 500 companies that have reported so far this season, about 85% have posted earnings that surpassed Wall Street's expectations. On the economics front, traders will follow existing home sales data due Wednesday morning.
CNBC
15-07-2025
- Business
- CNBC
NASDAQ closes at fresh record high
Ryan Detrick, Carson Group, joins 'Closing Bell Overtime' to talk the day's record market action.
Yahoo
14-07-2025
- Business
- Yahoo
Bitcoin's Rally Enters 'Crisis Mode' Territory
Bitcoin (BTC-USD) blazes past $123,000 as U.S. debt concerns ignite safe-haven demand. The world's leading cryptocurrency shattered its prior all-time high this week, surging from about $107,000 at the end of last week to a fresh peak above $123,000. Warning! GuruFocus has detected 4 Warning Signs with NBIS. That $10,000 leap in days helped drive July's gain to 14%, in line with historical first-half momentum noted by Carson Group strategist Ryan Detrick. Trading expert Keith Alan pointed to a textbook Cup and Handle pattern and mounting U.S. deficit fears after May's $316 billion shortfall as key drivers behind the rally. Investor angst over swelling Treasury issuance and mounting calls for Fed Chair Jerome Powell's resignation has compounded pressure on the U.S. dollar. With inflation data due later this week and political tension heating up, Bitcoin's one trillion-dollar market and gold are both catching bids. At the same time, altcoins are stirring: Ethereum jumped nearly 20% last week to reclaim a price above $3,000 as Bitcoin's dominance slipped below 65%, hinting at the start of an altseason. Why it matters: As traditional yields rise and the dollar weakens, digital assets are translating systemic risk into price momentum, making Bitcoin a barometer for broader market angst. Investors will eye June's Consumer Price Index release later this week for clues on whether the crypto rally can sustain its crisis mode momentum. This article first appeared on GuruFocus.
Yahoo
14-07-2025
- Business
- Yahoo
Bitcoin's Rally Enters 'Crisis Mode' Territory
Bitcoin (BTC-USD) blazes past $123,000 as U.S. debt concerns ignite safe-haven demand. The world's leading cryptocurrency shattered its prior all-time high this week, surging from about $107,000 at the end of last week to a fresh peak above $123,000. Warning! GuruFocus has detected 4 Warning Signs with NBIS. That $10,000 leap in days helped drive July's gain to 14%, in line with historical first-half momentum noted by Carson Group strategist Ryan Detrick. Trading expert Keith Alan pointed to a textbook Cup and Handle pattern and mounting U.S. deficit fears after May's $316 billion shortfall as key drivers behind the rally. Investor angst over swelling Treasury issuance and mounting calls for Fed Chair Jerome Powell's resignation has compounded pressure on the U.S. dollar. With inflation data due later this week and political tension heating up, Bitcoin's one trillion-dollar market and gold are both catching bids. At the same time, altcoins are stirring: Ethereum jumped nearly 20% last week to reclaim a price above $3,000 as Bitcoin's dominance slipped below 65%, hinting at the start of an altseason. Why it matters: As traditional yields rise and the dollar weakens, digital assets are translating systemic risk into price momentum, making Bitcoin a barometer for broader market angst. Investors will eye June's Consumer Price Index release later this week for clues on whether the crypto rally can sustain its crisis mode momentum. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
