The S&P 500 Index saw its first 1% pullback in more than two months yesterday. While that headline may sound negative, historical trends indicate that this is actually a long-term positive. On this episode of Making Money With Matt McCall, Matt breaks down the recent action with one of the best in the business – the Carson Group’s chief market strategist, Ryan Detrick.
Ryan and Matt jump right into their discussion of the latest pullback action and the news surrounding the U.S.’s credit downgrade. Things certainly aren’t perfect out there right now… But Ryan remains bullish on stocks long term – as does Matt. In fact, they think that the economy is much stronger than many might think. So don’t let the pessimistic headlines fool you. Tune in to get all the details.
#investing #stockmarket #trading #inflation
00:00 Ryan Detrick Introduction
3:50 Ryan’s Bullish Outlook
6:03 S&P 500 5-Month Win Streak
8:26 Market Breadth Indicating Consumer Confidence
11:56 Manufacturing Renaissance
14:00 Ryan Expects New Highs in the Market
20:12 “Investing is Going to Hurt”
22:29 Fitch Downgrades US Credit Rating
25:54 10 Year Yield Surging to 2023 Highs
27:55 Ryan’s Investment to Own for Next 10-Years
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