In the latest episode of Facts vs Feelings, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, tackle the growing comparisons between today’s market and the 1929 crash. They cut through the noise on gold sentiment, small-cap strength, earnings growth, Fed policy, and consumer resilience—all in under 52 minutes.

Key Takeaways

• 1929 comparisons: Why we believe today’s bull market is not a replay of the Great Depression.
• Gold sentiment: The metal has been a strong diversifier for portfolios so far this year.
• Small caps: They’re breaking out after nearly four years without new highs.
• Earnings reporting: The hosts debate quarterly vs. semiannual disclosures after President Trump floated the idea last week.
• The Fed: What the recent rate cut mean, labor market concerns, and why equities rallied.

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! factsvsfeelings@carsongroup.com

#FactsVsFeelings #StockMarket #BullMarket #Gold #SmallCaps #Fed #RetailSales #InvestingPodcast #MarketUpdate

In the latest episode of Facts vs Feelings, recorded live at Excell 2025 in Phoenix, hosts Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, are joined by Dr. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management. From jobs data revisions and labor supply challenges to the Fed’s upcoming rate decisions, productivity, AI, and the outlook for portfolios, this episode is packed with insights advisors and investors can use right now.

Key Takeaways

• Jobs revisions: Recent downward adjustments highlight slowing payroll growth.
• Labor market: Supply shortages are keeping unemployment low despite weak hiring.
• Productivity: AI may boost output, but inequality risks remain.
• Fed policy: There’s a debate on whether cuts would stimulate the economy or actually drag it down.
• Tax refunds: 2025 policy changes could deliver a stimulus-like boost.
• Global opportunities: International equities could benefit from a weaker dollar.

Connect with Ryan:

• LinkedIn: Ryan Detrick

• X: @ryandetrick

Connect with Sonu:

• LinkedIn: Sonu Varghese

• X: @sonusvarghese

Connect with Dr. David Kelly:

• Website: Dr. David Kelly

• LinkedIn: Dr. David Kelly

Questions about the show? We’d love to hear from you! factsvsfeelings@carsongroup.com

Disclosure: Dr. David Kelly is not affiliated with CWM, LLC. Opinions expressed by our guests may not be representative of CWM, LLC.

#FactsVsFeelings #CarsonGroup #DavidKelly #MarketOutlook #FedPolicy #InvestingPodcast #ExcelConference #Economy2025

In the latest episode of Facts vs Feelings, recorded live at Excell 2025 in Phoenix, hosts Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, are joined by Strider Elass of First Trust and Samuel Rines of WisdomTree for a timely discussion on the labor market, inflation trends, tariffs, and what investors should watch heading into late 2025. The conversation covers job growth concentration in a few sectors, revisions in employment data, underlying inflation measures, and how tariffs may reshape growth, manufacturing, and markets.

Key Takeaways

• After the latest jobs report, unemployment sits at 4.3%, with weakness concentrated outside health, education, and government.
• Real-time shelter metrics suggest underlying inflation is lower than official reports.
• Effective tariff rates could rise further, pressuring companies and growth.
• Growth could see a potential reacceleration in late 2025, but risk remains of structural slowdown.
• Health care services have been driving job creation, while manufacturing faces losses.

Connect with Ryan:

• LinkedIn: Ryan Detrick

• X: @ryandetrick

Connect with Sonu:

• LinkedIn: Sonu Varghese

• X: @sonusvarghese

Connect with Strider Elass:

• LinkedIn: Strider Elass

• X: @StriderElass

Connect with Samuel Rines:

• LinkedIn: Samuel Rines

• X: @SamuelRines

Questions about the show? We’d love to hear from you! factsvsfeelings@carsongroup.com

Strider Elass and Samuel Rines are not affiliated with CWM, LLC. Opinions expressed by our guests may not be representative of CWM, LLC.

#FactsVsFeelings #CarsonGroup #MarketOutlook #JobsReport #Inflation #Tariffs #Economy2025 #InvestingPodcast