Facts vs Feelings with Ryan Detrick & Sonu Varghese September Blues (Ep. 151)
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Sep 3, 2025 Ryan Detrick and Sonu Varghese tackle September's market challenges, analyzing Fed Chair Jerome Powell's dovish comments and their impact on small-cap stocks. They explore the balancing act of jobs and inflation, along with the implications of a steepening yield curve. The duo discusses gold's rising prices as a hedge against inflation and the potential for consumer spending due to falling rates. Despite the seasonal volatility, they maintain a bullish long-term outlook and hint at exciting upcoming guests and live events.
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Jackson Hole Was Dovish, Not Decisive
- Powell signaled policy may be adjusted rather than promising cuts, leaving September cuts uncertain.
- Markets priced September cuts heavily, so incoming labor data could sway outcomes quickly.
Vet Call Lightens Inflation Talk
- Ryan joked about his vet call and pet medication while discussing inflation and costs.
- The exchange lightened the macro conversation with a personal, relatable example.
100 Trading Days From Low To New Highs
- Ryan reminded listeners the market low was 100 trading days earlier and noted five S&P all-time highs in August.
- The anecdote underscores how quickly sentiment and positioning can change.
