This bull market may be younger than investors think, says Carson Group's Ryan Detrick
Speakers
Ryan Detrick
— Chief Market Strategist, Carson Group
Summary
Ryan Detrick, Chief Market Strategist at Carson Group, discusses why he remains bullish and views the bull market as younger than many investors think based on historical length comparisons. He recommends a barbell sector strategy overweighting technology along with industrials and financials, supported by a strengthening labor market, no recession, and ongoing AI investment. He expects consumer spending to improve in the second half as labor conditions strengthen.
- The bull market is the eighth longest since WWII; prior bulls reaching this point averaged 8 years, current is 3.5 years.
- Carson Group's midyear outlook is 'Still Riding the Wave' and remains bullish on equities.
- Favors a barbell sector approach: overweight technology, plus positions in industrials and financials.
- No recession expected and labor market is strengthening, supporting cyclical sectors.
- AI continues to be a positive driver for tech, but broadening market benefits other sectors.
- Consumer confidence gap may narrow as labor market improves, aiding consumer spending.
- Hard data like retail sales and jobs remain resilient despite weak sentiment.
Ideas
Bull market younger than investors think.
The current bull market is the eighth longest since WWII. Prior bull markets that reached this age lasted an average of eight years, while this one is only three and a half years old. Therefore, this bull market could be younger than investors think and has room to continue.
Overweight tech, industrials, and financials.
A barbell approach with tech a little overweight, plus industrials and financials, makes sense. No recession is expected, the labor market is strengthening, and AI remains a positive driver. Cyclicals should benefit.
