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.
The information included herein is for informational purposes and is intended for use by advisors only, and should not be copied, reproduced, or re-distributed without the consent of CWM, LLC. Carson Partners offers investment advisory services through CWM, LLC, an SEC Registered Investment Advisor. Carson Coaching and CWM, LLC are separate but affiliated companies and wholly-owned subsidiaries of Carson Group Holdings, LLC. Carson Coaching does not provide advisory services.
Facts vs Feelings with Ryan Detrick & Sonu Varghese
Bromance, Interrupted (Ep. 139)
In the latest Facts vs Feelings, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, unpack the political feud between Donald Trump and Elon Musk — and what it signals for markets, sentiment, and investor behavior.
But this episode covers more than just political drama: Ryan and Sonu break down what recent data says about inflation, the labor market, and Federal Reserve policy, while stressing the importance of not overreacting to headlines.
Key Takeaways
- Theater Meets Market Implications
The Trump-Musk spat included insults, accusations, and the threat of government contract cancellations. Ryan and Sonu dig into how this narrative dominated headlines and its potential impact on investor sentiment. - Markets Rally Despite the Drama
Despite political noise, equity markets have remained resilient. The S&P 500 has posted strong returns since April lows, reflecting underlying market strength. - Economic Data Is Mixed, Not Recessionary
While headlines emphasize slowing job growth and sticky inflation, Ryan and Sonu stress that the broader picture doesn’t scream recession. Job openings remain high, unemployment is low, and wages continue to rise. - Fed Remains Cautious
While job growth is slowing and inflation still sticky, the Fed is likely to keep interest rates paused for the foreseeable future—though a drop in inflation could trigger a reexamination. - Watch Market Breadth and Participation
Rather than obsess over megacap tech stocks, the hosts urge listeners to track participation across sectors and in global markets. Broader market strength is a bullish sign that shouldn't be ignored.
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
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