00:25:45 · Ryan Detrick
[00:25:45] S1: I mean, let's put it this way. For last several years, it's been the tailwind. You know, I guess maybe there's some point where the the damn breaks, but but for now to us with nominal GDP growth, what it's doing, earnings growth doing what it's doing, yields continue to trickle higher. You know, the best answer to that as I started talking, we don't like, well not we, but the market doesn't like huge volatility. I mean, it's a ten year yield went from here to 5.50 in a hurry. Yeah, that's a lot of volatility that upset the apple cart. But if it continues to just kind of trickle higher, like we think it probably will. And honestly, like what it's kind of been doing, yeah, it's up a lot this year, but it's trickling higher along the way. I think that continues to be more of a net tailwind, not necessarily to equities, but just to the economy that's growing. I mean, again, why are yields higher? Is it because inflation is going be soaring or is it because global growth continues to look pretty solid? Maybe it's a combination of those wheat side more door number two, global growth. We've got something called the Carson leading economic indicator. Sonu put this together on our team. I'll keep it real simple. Four years ago when everyone told us there's going be a recession, our LEI leading economic indicator was saying no recession. It's turned higher recently, Anthony, saying again, the economy likely into next year is gonna turn higher, and that probably means yields keep going higher as well. The stock market, in our opinion, price still hangs in there and does well as... Also.
00:26:55 · Anthony Pompliano, Ryan Detrick
[00:26:55] S2: Hey. From, from your lips to God's ears, I, I tend to agree with you. I tend to think that, all the bears, they're, they're drunk on their [00:27:04] S1: Mhmm. [00:27:04] S2: You know, bear thoughts. They they definitely are, rallying each other up, spinning each other up, but the market is, it's pretty strong. It seems like it doesn't really care what's being said. So we're gonna see [00:27:16] S1: what happens. I'll leave on this. So when you have a 10% jump in the second quarter in the S and P like we did, we did. The fourth quarter has never been lower, higher like nine out of nine times. I mean, the fourth quarter, you go back the you know, thirteen years is higher 12 times. The time we're doing this, I think we're virtually flat on the S and P in the fourth quarter. So I still think we're gonna have a fourth quarter surge for all the reasons we just laid out, Anthony. [00:27:35] S2: Fourth quarter. Fourth quarter, you know? You've the high school football game. Oh, yeah. Throwing up the fours. That's right. We're there. Alright. I appreciate everybody. Where can we send people to find you on the Internet or find out more about the research? [00:27:47] S1: Well, I appreciate that. So I guess ex Twitter at Ryan Detrick is an easy one. Then I've got a weekly podcast. Already mentioned his name a few times. It's Sonu and I do called Facts Versus Feelings. So check, check out Facts Versus Feelings and follow me on X, and that's probably the easiest way to do it.
00:27:47 · Ryan Detrick, Anthony Pompliano
[00:27:47] S1: Well, I appreciate that. So I guess ex Twitter at Ryan Detrick is an easy one. Then I've got a weekly podcast. Already mentioned his name a few times. It's Sonu and I do called Facts Versus Feelings. So check, check out Facts Versus Feelings and follow me on X, and that's probably the easiest way to do it. [00:28:01] S2: How does somebody not watch a podcast called Facts Versus Feelings? That's like the the definition of investing is, the [00:28:07] S1: facts being We've done 210 of them once a week. So we've been doing it for about four years now, and it's been a lot of fun. It's growing, and it's it's been, it's been an honor to get to do that every single week. So there's always something to talk about. That's what makes it fun. There's always something to talk about. [00:28:19] S2: I love it. Alright. Thank you very much for doing this, Ryan. We'll talk again soon. [00:28:22] S1: Appreciate it. Thank you.