Facts vs Feelings with Ryan Detrick & Sonu Varghese Houston, We Have A Correction (Ep. 58)
October 2023 proved to be a challenging month for the stock market.
Various factors, such as geopolitical tensions, inflation fears, earnings disappointments, and the Federal Reserve's policy, caused the market to suffer a decline in sentiment and confidence.
What are the projections for the market's performance for the remainder of the year?
In this episode, Carson's Chief Market Strategist, Ryan Detrick & VP, Global Macro Strategist, Sonu Varghese talk about the recent market correction and its potential as a healthy adjustment. They explore how geopolitical risks may have influenced the market and remain optimistic about a year-end rally. Additionally, they speculate on the Federal Reserve's actions.
Ryan and Sonu discuss:
- The recent stock market correction, its causes, and the potential for a rebound
- Previous bear markets and their impact on market returns
- The resilience of the economy despite challenges like the pandemic
- McDonald's positive earnings despite price increases, indicating consumer demand and potential economic signals
- The US economy's growth post-pandemic with other countries
- The better-than-expected Q3 GDP growth
- The increase in government spending and defense spending
- Three lesser-known positive indicators in the economy
- The Federal Reserve's upcoming meeting and the likelihood of a rate hike
- And more!
Resources:
- Talking Macro with Neil Dutta (Ep. 47)
- Talking Investing Lessons with Cliff Asness (Ep. 55)
- Talking About the Bond Bear Market with Daniel Ivascyn (Ep. 57)
Connect with Ryan Detrick:
Connect with Sonu Varghese: