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
Live From Future Proof (Special Edition)
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Recorded live from the beach at Future Proof in Miami, this special episode of Facts vs Feelings brings Ryan Detrick, Chief Market Strategist at Carson Group, and Sonu Varghese, Chief Macro Strategist at Carson Group, to the main stage for a wide-ranging conversation on markets, macro, and the forces driving today’s volatility.
Against the backdrop of a rapidly shifting news cycle, Ryan and Sonu break down the dramatic swings in oil prices, the implications of geopolitical tensions for global markets, and what it all means for investors navigating an environment of inflationary growth. They also discuss why they remain constructive on equities despite recent volatility, how global market breadth is expanding beyond the U.S., and the portfolio positioning they believe makes sense in the current environment.
From Fed policy and inflation trends to the strength of the labor market and signals from credit markets, the discussion highlights the difference between headline-driven fears and the underlying data shaping the economic outlook. Ryan and Sonu also explore where their outlook could be wrong, including risks tied to gold, small caps, and shifts in monetary policy.
Key Takeaways
- Oil volatility matters: Large swings in energy prices can ripple through inflation, global trade, and market sentiment
- Inflation may remain sticky: Core inflation near 3 percent could limit how aggressively the Federal Reserve cuts rates
- Global markets are broadening: International equities have been contributing meaningfully to returns alongside U.S. stocks
- Labor markets remain resilient: Low layoffs and steady income growth continue supporting the economy
- Portfolio diversification still matters: Exposure across global equities, gold, and selective sector positioning may help navigate uncertainty
Jump to:
0:00 — Opening and Live Show Setup
1:18 — Live from Miami!
3:20 — Oil Market Whiplash and Why It Matters
6:25 — Portfolio Positioning: Stocks, Gold, and Bonds
9:05 — Signs of a Global Bull Market
11:20 — Midterm Year Volatility and Market Corrections
13:55 — The Fed, Inflation, and the Labor Market
17:40 — How Carson Research Supports Advisors
19:40 — Where Our Outlook Could Be Wrong
23:20 — Signals from Tech, Staples, Credit, and Crypto
28:40 — CPI, PCE, and Final Thoughts
Connect with Ryan:
• LinkedIn: https://www.linkedin.com/in/ryandetrick/
• X: https://x.com/RyanDetrick
Connect with Sonu:
• LinkedIn: https://www.linkedin.com/in/sonu-varghese-phd/
• X: https://x.com/sonusvarghese?lang=en
Questions about the show? We’d love to hear from you! factsvsfeelings@carsongroup.com
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