In the latest episode of Facts vs Feelings, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, sit down with veteran market technician JC Parets, founder of TrendLabs, for a fast-moving discussion on technical analysis, market sentiment, gold, global equities, crypto, and the discipline of changing your mind when the charts say so. Packed with insights, laughs, and a few baseball stories, this episode cuts through the noise and focuses on what really matters for investors right now.

Key Takeaways

• Flows over fundamentals — Why positioning matters more than headlines.
• Global bull market — Confirmation from Europe, Asia, and Latin America
• Gold breakout — Record highs in every major currency
• Crypto rotation — Ethereum strength vs. Bitcoin and growing institutional access
• U.S. dollar — Rejection at key levels and implications for risk assets
• Risk management mindset — Moving quickly when trades don’t work
• Business lessons — Building teams, staying liquid, and taking it one day at a time

Connect with Ryan:

• LinkedIn: Ryan Detrick

• X: @ryandetrick

Connect with Sonu:

• LinkedIn: Sonu Varghese

• X: @sonusvarghese

Connect with J.C.:

• Website: All Star Charts 

• LinkedIn: J.C. Parets

• X: @JC_ParetsX

Questions about the show? We’d love to hear from you! [email protected]

J.C. Parets is not affiliated with CWM, LLC. Statements and opinions made by our guests are for general information only and may not be a reflection of CWM, LLC. 

#FactsVsFeelings #StockMarket #TechnicalAnalysis #Gold #Crypto #MarketSentiment #GlobalMarkets #InvestingPodcast #TrendFollowing #FinancialAdvisors

In the latest episode of Facts vs Feelings, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, discuss the latest surprising jobs data, significant payroll revisions, and President Trump's controversial firing of Bureau of Labor Statistics Commissioner Erica Groshen. Ryan and Sonu also provide insights into the Fed’s next moves, inflation challenges, and the unexpected factors influencing recent labor market trends.

Key Takeaways:

• Surprising Jobs Report: July's payroll came in at 73,000—lower than expected—with massive downward revisions for previous months.
• Payroll Data Accuracy: These significant revisions to recent month’s data are due to survey response rates, seasonal adjustments, and methodology nuances.
• Immigration and Labor: A drop in immigration has impacted the labor supply, with fewer jobs now needed monthly to match population growth.
• Federal Reserve Outlook: Mixed economic signals have complicated rate cut decisions, leaving Fed Chair Jerome Powell cautious and focused on inflation risks.
• AI Spending Surge: AI-related investment has significantly boosted GDP growth, offsetting weaker consumer spending.

Connect with Ryan:

• LinkedIn: Ryan Detrick

• X: @ryandetrick

Connect with Sonu:

• LinkedIn: Sonu Varghese

• X: @sonusvarghese

Questions about the show? We’d love to hear from you! [email protected]

#FactsVsFeelings #JobsReport #FederalReserve #Inflation #JeromePowell #LaborMarket #PayrollRevisions #AIInvestment #EconomicTrends #FinancePodcast #CarsonGroup

In the latest episode of Facts vs Feelings, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, discuss the recent easing of global trade tensions and how markets have responded positively. They dive into three popular market myths currently being debated, analyze corporate earnings, and provide their reasoning on why stocks continue to perform well despite skepticism.

Key Takeaways:

• Trade War Cooling: New trade agreements with the EU, Japan, and other nations signal a potential end to President Trump’s trade war, providing stability and optimism to the markets.
• Market Myths Debunked:
   
  • Weak Market Breadth: False. Equal-weight indexes and sector-wide gains show the market rally is broad-based. 
  • Margin Debt Fears: Exaggerated. While margin debt reached record levels, relative to market cap it remains historically manageable. 
  • Foreign Investment Fears: Unfounded. Foreign investment into U.S. stocks and bonds is strong, contrary to earlier warnings.
• Corporate Earnings Strength: Companies like Johnson & Johnson and 3M show improved earnings forecasts despite tariff impacts, highlighting resilience in U.S. corporate profits.
• Sentiment Check: Despite market highs, public sentiment remains cautious, which historically aligns with continued market strength.

Connect with Ryan:

• LinkedIn: Ryan Detrick

• X: @ryandetrick

Connect with Sonu:

• LinkedIn: Sonu Varghese

• X: @sonusvarghese

Questions about the show? We’d love to hear from you! [email protected]

#FactsVsFeelings #TradeWar #MarketMyths #Stocks #Investing #Tariffs #GlobalEconomy #FinancePodcast #StockMarketNews #EarningsSeason #EconomicOutlook

In Episode 145 of Facts vs Feelings, hosts Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist unpack recent market reactions, Trump's potential impact on Jerome Powell's Fed tenure, and new inflation data that surprised most economists.

 Key Takeaways

• Event Study on Powell's Potential Firing: Markets briefly reacted negatively to rumors of Jerome Powell’s firing, showcasing investor sensitivities.
• Surprising Inflation Data: Recent Producer Price Index (PPI) came in below all 50 Bloomberg economist forecasts.
• Debate Over Tariff Inflation: Discussion on whether tariffs represent one-time pricing adjustments or ongoing inflationary pressures.

Connect with Ryan:

• LinkedIn: Ryan Detrick

• X: @ryandetrick

Connect with Sonu:

• LinkedIn: Sonu Varghese

• X: @sonusvarghese

Questions about the show? We’d love to hear from you! [email protected]

#FactsVsFeelings #JeromePowell #FederalReserve #InflationData #InterestRates #MarketReactions #EconomicInsights #RyanDetrick #SonuVarghese

In the latest episode of Facts vs Feelings, hosts Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist dive into the recent controversy surrounding Federal Reserve Chair Jerome Powell, exploring potential political pressures, the Fed's massive headquarters renovation project, and the broader implications for monetary policy and the economy if there were to be a change in Fed leadership.

Key Takeaways

• Jerome Powell Under Pressure: Discussion about the Trump administration’s criticism of the Fed Chair.
• Fed HQ Controversy: Debate around whether the Fed’s $2.5 billion headquarters renovation represents fiscal irresponsibility or necessary infrastructure investment.
• Political Tensions: Examination of how ongoing criticisms may impact Powell’s role and future Fed independence.
• Market Implications: Insight into how potential Fed leadership changes or political tensions could influence market behavior and economic policy.

Connect with Ryan:

• LinkedIn: Ryan Detrick

• X: @ryandetrick

Connect with Sonu:

• LinkedIn: Sonu Varghese

• X: @sonusvarghese

Questions about the show? We’d love to hear from you! [email protected]

#FactsVsFeelings #JeromePowell #FederalReserve #FedControversy #EconomicPolicy #TrumpAdministration #InterestRates #MarketInsights #FinancialPodcast #EconomicOutlook #MonetaryPolicy #RyanDetrick #SonuVarghese

In the latest episode of Facts vs Feelings, hosts Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, provide a midyear market review and outlook for 2025. Reflecting on major surprises in the first half of the year, including unexpected tariff announcements and subsequent reversals, they analyze market performance in the first half of the year against historical trends. The discussion highlights market resilience, key economic indicators, historical market trends, and strategic insights into navigating the second half of 2025 effectively.

Key Takeaways

• Unexpected Tariff Volatility
   
  • The Liberation Day announcement by President Trump of extremely high tariffs surprised markets significantly. Equally surprising was how rapidly these tariffs were paused, causing abrupt swings in market sentiment.
• Investor Sentiment Shifts
   
  • Many investors who were initially bearish following the tariff announcements underestimated the market's capacity to rebound strongly, emphasizing the importance of managing emotional biases and market timing.
• Market Resilience and Momentum
   
  • Despite early setbacks, the markets showed resilience, demonstrating strong recovery patterns consistent with historical trends.
• Bull Still Charging
   
  • The average bull market lasts about five years, but the current one we’re in hasn’t lasted even three yet—something to keep in mind next time the market experiences a setback.
• Fed Stays on Pause
   
  • Market volatility kept the Fed on the sidelines in the first half of 2025, but we may see rate cuts by the fall if the markets stay on track.
• A Big Beautiful Boost
   
  • Though the recently passed Big Beautiful Bill will likely add to the deficit in the coming years, it could also provide a boon to the markets in the back half of the year.
• Strategic Insights for Second Half 2025
   
  • Historical market trends indicate a potentially strong performance for the latter half of 2025. Investors are advised to focus on long-term strategies and diversification, and remain cautious of headline-driven market reactions.

Want access to Carson Investment Research Team’s full Midyear Market Outlook? Head to https://www.carsongroup.com/market-outlook to download the full report. 

Connect with Ryan:

• LinkedIn: Ryan Detrick

• X: @ryandetrick

Connect with Sonu:

• LinkedIn: Sonu Varghese

• X: @sonusvarghese

Questions about the show? We’d love to hear from you! [email protected]

#FactsVsFeelings #MidyearOutlook2025 #MarketVolatility #Tariffs #InvestorSentiment #EconomicTrends #MarketForecast #HistoricalPatterns #InvestmentStrategy #StockMarketInsights #RyanDetrick #SonuVarghese #CarsonGroup #MarketRecovery

In this week’s episode of the Facts Vs Feelings podcast, hosts Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, sit down with Barry Gilbert, VP Asset Allocation Strategist at Carson Group, for an insightful conversation on effective portfolio management strategies. Barry shares valuable perspectives on the importance of teamwork, constructive debate, and making decisive investment decisions based on clear, actionable insights. Ryan and Sonu also discuss the historical strength of the July market, providing investors with context and strategic guidance for navigating the second half of the year.

Key Takeaways

• July Stock Market Trends and Analysis
   
  • July has historically been strong, with the S&P 500 rising 10 consecutive years in that month, and it’s notably the strongest month during post-election years.
• Impact of Positive May and June Performance
   
  • Historically, positive returns in both May and June forecast strong market performance for the rest of the year—typically gaining around 9-10% in the final six months.
• Effective Portfolio Management Insights
   
  • Barry Gilbert stresses the importance of constructive debate, critical thinking, and conviction-driven investment decisions in successful asset allocation strategies.
• Carson Group’s Investment Philosophy
   
  • Barry highlights Carson’s culture of managing real money through rigorous debate and collaborative decision-making.
• Investor Guidance and Market Volatility
   
  • Ryan and Sonu emphasize the importance of maintaining a long-term investment perspective and managing emotional reactions during short-term market fluctuations.

Connect with Barry:

• LinkedIn: Barry Gilbert

• X: @gilbert3142

Connect with Ryan:

• LinkedIn: Ryan Detrick

• X: @ryandetrick

Connect with Sonu:

• LinkedIn: Sonu Varghese

• X: @sonusvarghese

 Questions about the show? We’d love to hear from you! [email protected]

#FactsVsFeelings #PortfolioManagement #InvestmentStrategies #JulyMarketRally #StockMarketTrends #CarsonGroup #FinancialPodcast #MarketVolatility #RyanDetrick #SonuVarghese

In the latest Facts vs Feelings, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, discuss recent Middle East tensions involving the U.S. and Iran, the surprisingly minimal market reaction despite high geopolitical stakes, and insights into historical parallels and fiscal spending impacts on stock markets. They also cover recent criticisms of Fed Chair Jerome Powell by President Trump and debate the Fed's current policy paralysis amid uncertainty about inflation, unemployment, and economic growth.

Key Takeaways 

• Middle East Tensions and Market Response:
  • The U.S. recently attacked suspected nuclear sites in Iran, and despite immediate fears, the S&P 500 rallied over 1%, and oil prices sharply reversed after an initial spike—down nearly 14% in one day, one of the largest reversals in history.

• Geopolitical Patterns and Historical Context:
  • The hosts point out historical examples, such as World War I and the Iraq War, where war-driven fiscal spending and deficit growth actually boosted stock markets significantly. 

• Economic and Fiscal Implications of Conflict:
  • Wars often lead to increased defense and deficit spending, which, despite negative human impacts, can boost corporate profits and stock markets, as seen historically (e.g., Iraq War 2003).

• President Trump's Criticism of Jerome Powell and Fed Policy:
  • President Trump publicly criticized Fed Chair Jerome Powell for not cutting interest rates, calling Powell a "numbskull" and suggesting lower rates would save trillions for the U.S.

• Fed's Policy Paralysis Amid Uncertainty:
  • The Fed faces conflicting economic signals: higher projected inflation (due partly to tariffs), rising unemployment, and slowing growth, resulting in policy paralysis. Sonu criticized Powell’s comments claiming labor market strength, pointing to rising unemployment claims and slowing payrolls as clear signs of labor market weakness.

• Odds of Fed Rate Cuts Increasing:
  • Market-implied probabilities show a significant rise in expectations for a rate cut by September 2025, largely driven by recent sharp declines in oil prices.

Connect with Ryan:

• LinkedIn: Ryan Detrick

• X: @ryandetrick

Connect with Sonu:

• LinkedIn: Sonu Varghese

• X: @sonusvarghese

Questions about the show? We’d love to hear from you! [email protected]

#FactsVsFeelings #MiddleEastTensions #StockMarketReaction #IranConflict #FiscalSpending #JeromePowell #FedPolicy #TrumpVsPowell #InterestRates #EconomicUncertainty #RyanDetrick #SonuVarghese

In the latest Facts vs Feelings, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, are joined by financial journalist and TKer founder and editor Sam Ro. Together, they cover Sam’s background, his curated newsletter approach, emerging data-quality issues at the BLS, and why human judgment still matters in the age of AI.

Key Takeaways

• What Sam Ro Actually Does All Day
  Sam is the founder and editor of TKer (pronounced ticker), a daily financial newsletter. He previously led markets coverage at Business Insider and was managing editor at Yahoo Finance. His role now is synthesizing market data and macro trends into clear, actionable insights for readers — many of whom are financial advisors.
• The Market Goes Up—Until It Doesn’t
  Sam chose the slogan “The stock market usually goes up” for his newsletter because, well, the market usually goes up. But, as Sam cautions, it’s important for investors to be prepared for downturns, or they can get badly dinged in the short term.
• Parsing the Data
  The group discusses a recent announcement from the Bureau of Labor Statistics about collecting less data than before, and how budget cuts and staffing issues at the bureau could lead to less accurate data collection in economic surveys like CPI and employment reports.
• More Than Just Statistics
  Sam, who majored in religion in college, discusses the notion that data only goes so far in predicting the markets. Models can’t predict everything, and sometimes you just need to embrace uncertainty and have a bit of faith that the markets will sort themselves out over time.
• AI Can’t Replace Human Judgment
  While AI chatbots now summarize reports faster—and sometimes more eloquently—than humans, Sam stresses that interpreting nuance and making editorial decisions remain human domains.

Connect with Ryan:

•       LinkedIn: Ryan Detrick

•       X: @ryandetrick

Connect with Sonu:

•       LinkedIn: Sonu Varghese

•       X: @sonusvarghese

Connect with Sam:

·      https://www.tker.co/

·      X: @SamRo 

·      LinkedIn: sammyro

Questions about the show? We’d love to hear from you! [email protected]

#FactsVsFeelings #SamRo #TickerNewsletter #MarketFlows #StockMarket #InvestorDiscipline #FinancialMedia #Macroeconomics #FinancialPlanning #MarketInsights #RyanDetrick #SonuVarghese

In the latest Facts vs Feelings, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, unpack the political feud between Donald Trump and Elon Musk — and what it signals for markets, sentiment, and investor behavior.

But this episode covers more than just political drama: Ryan and Sonu break down what recent data says about inflation, the labor market, and Federal Reserve policy, while stressing the importance of not overreacting to headlines.

Key Takeaways

• Theater Meets Market Implications
  The Trump-Musk spat included insults, accusations, and the threat of government contract cancellations. Ryan and Sonu dig into how this narrative dominated headlines and its potential impact on investor sentiment.
• Markets Rally Despite the Drama
  Despite political noise, equity markets have remained resilient. The S&P 500 has posted strong returns since April lows, reflecting underlying market strength.
• Economic Data Is Mixed, Not Recessionary
  While headlines emphasize slowing job growth and sticky inflation, Ryan and Sonu stress that the broader picture doesn’t scream recession. Job openings remain high, unemployment is low, and wages continue to rise.
• Fed Remains Cautious
  While job growth is slowing and inflation still sticky, the Fed is likely to keep interest rates paused for the foreseeable future—though a drop in inflation could trigger a reexamination.
• Watch Market Breadth and Participation
  Rather than obsess over megacap tech stocks, the hosts urge listeners to track participation across sectors and in global markets. Broader market strength is a bullish sign that shouldn't be ignored.

Connect with Ryan:

• LinkedIn: Ryan Detrick

• X: @ryandetrick

Connect with Sonu:

• LinkedIn: Sonu Varghese

• X: @sonusvarghese

Questions about the show? We’d love to hear from you! [email protected]

#FactsVsFeelings #LaborMarket #JobsReport #FederalReserve #InterestRates #EconomicUpdate #FinancialPlanning #WageGrowth #RyanDetrick #SonuVarghese #StockMarket #MacroTrends