'Still a lot of waves in this bull market', says Carson Group's Ryan Detrick

Watch on YouTube ↗  |  January 16, 2026 at 21:48  |  3:40  |  CNBC
Speakers
Ryan Detrick — Chief Market Strategist, Carson Group

Summary

Ryan Detrick of Carson Group says the bull market remains healthy and globally broad, while small caps have not yet fully confirmed their breakout. He favors large caps slightly over small caps, highlights mid-caps and S&P 500 equal weight as broadening beneficiaries, and cites early-year seasonal momentum as supportive for U.S. equities.

  • Ryan Detrick remains constructive on the global bull market as breadth and advance-decline lines hit highs.
  • Small caps have shown false starts, so Carson is only slightly overweight large over small.
  • Mid-caps are hitting all-time highs and tend to follow the equal-weight S&P 500.
  • S&P 500 equal weight is described as the story of the year and a broadening market theme.
  • Early-year strength, including positive first five days and January, historically supports full-year gains.
  • He is not convinced the Fed will cut rates more this year, which could affect small and mid caps.
Ideas
Ryan Detrick Chief Market Strategist, Carson Group 0:50
Healthy global bull market has broad participation.
Market breadth is strong, with various advance-decline lines on the NYSE and S&P 500 hitting all-time highs, and breadth leads price. He is not fully sold on small caps but is sold on a healthy, broadly participative global bull market.
VT HIGH
Ryan Detrick Chief Market Strategist, Carson Group 1:54
Overweight large caps over small caps.
Small caps have repeatedly had false starts, so Carson is not totally sold on them. While Russell 2000 relative strength versus the Russell 1000 is breaking out, they are slightly overweight large caps over small caps, though they still have small-cap exposure and could add if the Fed cuts more.
IWF MED
Ryan Detrick Chief Market Strategist, Carson Group 1:54
Overweight large caps over small caps.
Small caps have repeatedly had false starts, so Carson is not totally sold on them. While Russell 2000 relative strength versus the Russell 1000 is breaking out, they are slightly overweight large caps over small caps, though they still have small-cap exposure and could add if the Fed cuts more.
IWM MED
Ryan Detrick Chief Market Strategist, Carson Group 1:57
Mid-caps look good and follow equal weight.
Mid-caps are underdiscussed but are hitting all-time highs, and they tend to follow the S&P 500 equal-weight index. Carson thinks mid-caps can continue to be pretty good as part of a diversified allocation.
Mid-cap equities MED
Ryan Detrick Chief Market Strategist, Carson Group 2:43
Equal-weight S&P 500 leads broadening market.
The S&P 500 equal-weight index is a major theme and the story of the year: it keeps going higher, recently outperformed the cap-weighted S&P 500 by about 1% while 318 stocks rose, showing broadening participation beyond tech. Mid-caps tend to follow it.
RSP HIGH
Ryan Detrick Chief Market Strategist, Carson Group 3:13
Good start signals strong market year.
A good start to the year historically portends a strong full year: when the first five days are higher, the full year is up about 85% of the time, and when January is higher, the next 11 months are higher 87% of the time. He thinks the early momentum is real.
SPY HIGH
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This CNBC video, published January 16, 2026, features Ryan Detrick discussing VT, IWF, IWM, Mid-cap equities, RSP, SPY. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Ryan Detrick  · Tickers: VT, IWF, IWM, Mid-cap equities, RSP, SPY