Talking Pies, Pi Day & Patty’s Day with Warren Pies (Ep. 126) Artwork

Facts vs Feelings with Ryan Detrick & Sonu Varghese

This podcast takes a deep dive into the market-moving events to cut through the noise and help you identify what really matters. Facts vs Feelings is hosted by Chief Market Strategist, Ryan Detrick and VP, Global Macro Strategist, Sonu Varghese, and is a product of the Carson Investment Research Team.

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Facts vs Feelings with Ryan Detrick & Sonu Varghese

Talking Pies, Pi Day & Patty’s Day with Warren Pies (Ep. 126)

March 12, 2025 • Carson Investment Research

In this week’s episode of Facts vs. Feelings, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist are joined by Warren Pies, Co-Founder of 3Fourteen Research, to discuss market trends, recession risks, Fed policy, and, of course, some fun Pi Day and St. Patrick’s Day talk. They dive into economic growth concerns, interest rates, inflation, and why a growth scare doesn’t necessarily mean a recession is coming.

Key Takeaways:

Is a Growth Scare Just That? Market sentiment has shifted, but there’s no clear recession signal yet. Key indicators like residential construction payrolls remain strong.
The Fed’s Search for Neutral: Interest rates are still restrictive, but the Fed may need to cut more than expected this year to support economic growth.
Government Spending & Deficits: Large fiscal deficits have been a cushion for the economy, but potential cuts could introduce new risks.
Energy Market Insights: Oil prices are trending lower, which is good for inflation and Fed policy, but may present challenges for energy companies.
Market Volatility & Rate Cuts: The Fed’s reluctance to ease policy is contributing to a growth scare, but this may just be a temporary market correction.
Housing & Economic Signals: While mortgage rates remain high, housing market fundamentals aren’t signaling an imminent downturn.
Pi Day & St. Patrick’s Day Fun: We discuss Chicago’s green river tradition, our favorite pies, and how Warren’s firm got its name.

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

Join us for a special Women’s History Month edition of Facts vs Feelings, featuring top women leaders in finance discussing markets, investing, and industry insights. Register now: https://www.linkedin.com/events/7303883891440762880

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