The S&P 500 (^GSPC) closes Tuesday’s session at a fresh record high despite lingering valuation worries and concerns about US President Donald Trump’s tariff policies.
Carson Group chief market strategist Ryan Detrick joins Julie Hyman and Alexandra Canal on Market Domination Overtime to discuss the current state of the market (^DJI, ^IXIC, ^GSPC).
Detrick says the new record high is “one of the more boring all-time highs, I think, we’ve seen in a long time.” He adds, “It’s interesting because, yes, we’re hitting all-time highs, and we’re up 20% two years in a row [but] … people are a little leery.”
“The reality is under the surface that that duck might be pedaling pretty fast, but it’s a really strong bull market. It still looks healthy to us. Maybe you’re due for a little consolidation. That’s OK. But to see the broad participation that’s taking place. It’s a great sign,” Detrick tells Yahoo Finance.
“You’ve got strong profit margins, strong earnings, strong revenue, and we can get more in the weeds of it, but that’s why we’re hitting all-time highs. And the headline risk is there, but it’s nice and slow and almost kind of boring at these big blasts. [There’s some volatility and] some down days on some scary headlines., but surprises in a bull market happen to the upside … So, maybe we shouldn’t be that surprised. We keep chugging higher here.”
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here https://finance.yahoo.com/videos/series/market-domination-overtime/
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