Facts vs Feelings with Ryan Detrick & Sonu Varghese

In a special celebration, Tom Lee, Managing Partner and Head of Research at Fundstrat Global Advisors, joins the hosts for a lively discussion. He shares his bold prediction for the S&P 500 reaching 15,000 by 2030 and dives into the importance of demographic trends in the market. The conversation also explores the impact of potential Fed rate cuts, navigating September market volatility, and Bitcoin’s evolving role in investment portfolios. Lee emphasizes opportunities in small-cap stocks amidst economic shifts and much more!

Understanding today’s economy requires a keen eye on labor markets, Federal Reserve policies, and fiscal strategies.How do these factors interplay to shape the financial landscape? What practical advice can help investors stay grounded amid market noise?In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, sit down with Dr. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management.Together they discuss the dynamic nature of the global economy. You'll learn about the practical applications of charts and data in economic analysis, the impact of monetary policy on recession fears, and the relationship between inflation and unemployment. Dr. Kelly also offers invaluable insights into the recent upward trends in productivity and the critical outlook for fiscal policy as we approach 2025.They discuss: The role of charts and data in economic storytellingThe evolving state of the labor market and productivityImplications of Jay Powell's Jackson Hole commentsKey fiscal policy changes and their potential impactsAnd more!Resources:Any questions about the show? Send it to us! We’d love to hear from you! factsvsfeelings@carsongroup.com Connect with Dr. David Kelly: LinkedIn: David KellyJ.P Morgan Asset ManagementInterested in hearing more from Dr. David Kelly? Subscribe to his shows wherever you listen to podcasts. Notes on the Week Ahead - Published every Monday  Insights Now and Alternative Realities - Episodes available every Thursday  Connect with Ryan Detrick: LinkedIn: Ryan DetrickX: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu VargheseX: Sonu VargheseAbout Our Guest:Dr. David Kelly is the Chief Global Strategist and Head of the Global Market Insights Strategy Team for J.P. Morgan Asset Management. With over 20 years of experience, David provides valuable insight and perspective on the economy and markets to the institutional investor and financial advisor global communities.David’s research focuses on investment implications of an evolving economic environment. He has written extensively on all aspects of the U.S. economy and his proprietary U.S. economic forecasting model helps shape his views on both the economic landscape and prospective asset class returns. He currently sits on JP Morgan Fund’s operating committee.Throughout his career, David has developed a unique ability to explain complex economic and market issues in a language that financial professionals can use to communicate to their clients. He is a keynote speaker at many national investment conferences and a frequent guest on CNBC, Bloomberg, and other financial media outlets.Prior to joining J.P. Morgan Asset Management, David served as Economic Advisor to Putnam Investments. He has also served as a senior strategist/economist at SPP Investment Management, Primark Decision Economics, Lehman Brothers and DRI/McGraw-Hill.David is a CFA® charterholder. He also has a Ph.D and M.A. in Economics from Michigan State University and a B.A. in Economics from University College Dublin in the Republic of Ireland.

Dani Fava, Chief Strategy Officer at Carson Group, joins Ryan Detrick and Sonu Varghese to explore AI's revolutionary impact on finance. They discuss exciting applications of AI in financial services and address common fears associated with its integration. The trio delves into the S&P 500's recent performance, the effects of economic data on market trends, and the Federal Reserve's actions, including potential rate cuts. With wit and insight, they emphasize the importance of balancing technology with human connection in finance.

Ryan Detrick, Chief Market Strategist at Carson Group, and Sonu Varghese, VP of Global Macro Strategist at Carson Group, delve into the intriguing patterns of August market volatility. They unpack historical disruptions and the psychology behind investor behavior during low-volume trading periods. The discussion covers recent volatility triggered by the Bank of Japan's rate hike, the important role of economic indicators like unemployment and inflation, and strategic investment approaches to navigate these choppy waters. A must-listen for any investor!

How do you know when to stay the course or press the panic button during market volatility?In this special episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, chat with Barry Gilbert, CFA®, Ph.D. Vice President, Asset Allocation Strategist at Carson Group, and Grant Engelbart CFA®, CAIA®, Vice President, Investment Strategist at Carson Group, for a discussion of this period of heightened market turmoil. The team dives into the recent volatility triggered by the Bank of Japan's actions, the impact of weak job data on the Fed's interest rate decisions, and the ripple effects on both global and domestic markets. They discuss: The Bank of Japan's unexpected moves and their impact on global marketsAnalysis of recent job data and what it means for future Fed rate cutsHow current earnings reports reflect broader market conditionsDiversification strategies to manage riskAnd more!Resources:Any questions about the show? Send it to us! We’d love to hear from you! factsvsfeelings@carsongroup.com Connect with Barry Gilbert: LinkedIn: Barry GilbertConnect with Grant Engelbart: LinkedIn: Grant EngelbartConnect with Ryan Detrick: LinkedIn: Ryan DetrickX: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu VargheseX: Sonu VargheseAbout Barry Gilbert:Barry Gilbert is a Vice President, Asset Allocation Strategist. As the VP, Asset Allocation Strategist, Barry Gilbert combines a background in thought leadership with a pragmatic and disciplined approach to portfolio management.Barry holds a PhD in philosophy from Boston University, an MA from the Pennsylvania State University, and a BA from Haverford College. A former educator, he taught finance and economics in the MSF and MBA programs at Northeastern University’s D’Amore-McKim School of Business. Prior to his career in asset management, Barry taught philosophy, the history of ideas, and writing and rhetoric at Harvard University, Trinity College and Boston University, and has served as a visiting research fellow at the Institute for Human Sciences in Vienna, an international think tank in politics and economics.About Grant Engelbart:Grant Engelbart serves as Vice President, Investment Strategist for Carson Group. In this role, Grant is part of the team responsible for the management of the Carson Investment platform, In-house Carson model portfolios, and contribution to the overall asset allocation viewpoints of the investment team.Grant received his Bachelor of Science in finance from the University of Nebraska at Lincoln. He is a CFA® Charter holder, holds the Chartered Alternative Investment Analyst (CAIA) designation, and Series 65 registration. He is a member of the CFA® Society of Nebraska and the CAIA Chicago chapter. He has contributed to numerous publications and is an active contributor to commentary related to the ETF industry.

How do you balance rigorous research with open-mindedness in investing? How do you communicate effectively with clients during volatile times?This week, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, chat with Cliff Asness, Managing and Founding Principal at AQR Capital Management, for an insightful discussion on market strategies and the nuances of value investing. Cliff shares his thoughts on the current state of value investing, explores the concept of 'value spread,' and even dips into some fun side topics.They discuss: The current state of value investing and why it has seen challenging periodsInsights into how AQR navigates market anomaliesThe importance of communication and transparency with clientsFun personal insights into Cliff’s interests outside of finance, from hot sauce to superhero moviesAnd more!Resources:Any questions about the show? Send it to us! We’d love to hear from you! factsvsfeelings@carsongroup.com Connect with Cliff Asness: LinkedIn: Cliff AsnessX: Cliff AsnessWebsite: AQR Capital ManagementConnect with Ryan Detrick: LinkedIn: Ryan DetrickX: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu VargheseX: Sonu VargheseAbout Our Guest: Cliff Asness is a Founder, Managing Principal, and Chief Investment Officer at AQR Capital Management. He is an active researcher and has authored articles on a variety of financial topics for many publications, including The Journal of Portfolio Management, Financial Analysts Journal, The Journal of Finance, and The Journal of Financial Economics. He has received five Bernstein Fabozzi/Jacobs Levy Awards from The Journal of Portfolio Management in 2002, 2004, 2005, 2014, and 2015. Financial Analysts Journal has twice awarded him the Graham and Dodd Award for the year’s best paper, as well as a Graham and Dodd Excellence Award, the award for the best perspectives piece, and the Graham and Dodd Readers’ Choice Award. He has won the second prize of the Fama/DFA Prize for Capital Markets and Asset Pricing in the 2020 Journal of Financial Economics. In 2006, the CFA Institute presented Cliff with the James R. Vertin Award, which is periodically given to individuals who have produced a body of research notable for its relevance and enduring value to investment professionals. Prior to co-founding AQR Capital Management, he was a Managing Director and Director of Quantitative Research for the Asset Management Division of Goldman Sachs & Co. He is on the editorial board of The Journal of Portfolio Management, the governing board of the Courant Institute of Mathematical Finance at NYU, the board of directors of the Q-Group, the board of the International Rescue Committee and the board of trustees of The National WWII Museum. Cliff received a B.S. in economics from the Wharton School and a B.S. in engineering from the Moore School of Electrical Engineering at the University of Pennsylvania, graduating summa cum laude in both. He received an M.B.A. with high honors and a Ph.D. in finance from the University of Chicago, where he was Eugene Fama’s student and teaching assistant for two years.

Ryan Detrick & Sonu Varghese discuss travel chaos, market trends, and historical parallels. They touch on IT outages, inflation data, bullish market indicators, and the impact of Biden stepping down from elections. Topics include economic vulnerabilities, PCE inflation data, consumer and industrial strength, and significant rallies in the Russell 2000 and S&P 500.

Ryan and Sonu discuss the impact of recent inflation trends on market behavior, the rally in small caps, and the surprising improvements in inflation data. They also touch on market reactions to geopolitical events, the strength of consumer retail sales, and the potential for a dovish shift from the Fed.

Carson’s midyear outlook “Eyes on The Prize” is out now!How do you balance immediate market reactions with overarching economic indicators? What strategies can help investors stay focused amidst market noise?In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, dive into their midyear outlook, discussing everything from the economy and inflation to the Fed's position and stock market expectations. You'll hear about their insights into the labor market's strength, inflation trends, and the possibility of future Fed rate cuts.Ryan and Sonu discuss: The current state and future outlook of the U.S. economyRecent trends in inflation and the Federal Reserve's next movesStock market analysis and predictions for the second half of the yearPortfolio strategies and the role of alternatives in today's financial landscapeAnd more!Resources:Any questions about the show? Send it to us! We’d love to hear from you! factsvsfeelings@carsongroup.com Midyear Outlook '24: Eyes on The PrizeLive Webinar Link - Tuesday, July 16 at 1pm CTConnect with Ryan Detrick: LinkedIn: Ryan DetrickX: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu VargheseX: Sonu Varghese

What drives the relentless ascent of stock prices, and how does a tech giant like Nvidia find itself at the forefront of market value?In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group dive into the current bull market and discuss potential future trends. They analyze Nvidia's astonishing rise, making it the most valuable company in the world for a brief moment, and what that means for other tech giants and the broader market. You'll gain insights into the first half of the year's stock performance and the economic indicators that are shaping investor sentiment. Special attention is given to the resilience of the U.S. economy, sector performances, and expectations for the year's second half.Ryan and Sonu discuss: Analysis of Nvidia's explosive growth and its impact on the stock marketA review of first-half stock performance and what it implies for the second half of the yearKey economic indicators, including industrial production and consumer spendingInsights into the resilience of the U.S. economy and sector performances beyond techAnd more!Resources:Any questions about the show? Send it to us! We’d love to hear from you! factsvsfeelings@carsongroup.com Connect with Ryan Detrick: LinkedIn: Ryan DetrickX: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu VargheseX: Sonu Varghese