Ryan Detrick, Carson Group chief market strategist, CNBC’s Mike Santoli and Leslie Picker join 'Closing Bell' to discuss the market as we head to a long Memorial Day weekend. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBCTV ...(read more)
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The United States economy has been experiencing a period of growth for the past few years, with record low unemployment rates and a stable GDP. However, recent events such as the ongoing trade war with China and uncertainty in global markets have sparked concerns about a possible recession in the near future. Despite these concerns, Ryan Detrick, Senior Market Strategist at the Carson Group and a well-respected market commentator, has expressed optimism about the state of the economy. In a recent interview with CNBC, Detrick stated that he believes the conditions are not in place for a recession to occur in the near future. One of the key reasons for Detrick's optimism is the strength of the US consumer. Consumer spending accounts for roughly 70 percent of the US economy, and recent data shows that consumers are continuing to spend at healthy levels. Retail sales grew by 0.7 percent in July, beating economists' expectations, and consumer sentiment remains near historically high levels. Detrick also highlighted the strong performance of the US stock market as evidence that the economy is still growing. Despite some volatility in the market due to concerns over the trade war and other geopolitical issues, the S&P 500 index has gained over 16 percent year-to-date, an impressive return for investors. Another factor Detrick pointed out is the Fed's recent decision to cut interest rates in July, which he believes will help to support economic growth. The rate cut was seen as a preemptive measure to counteract any potential negative effects of the trade war, and Detrick believes it will stimulate borrowing and investment in the near term. Of course, no one can predict the future with complete certainty, and there are always possible external shocks that could derail economic growth. However, Detrick's confidence in the US economy is based on a range of factors, and his assessment is supported by many other market experts. As investors and individuals, it's important to keep a level head and not get swept up in the fear of a possible recession. By staying informed and focusing on the facts, we can make informed decisions that will help us weather any possible economic storm. https://inflationprotection.org/ryan-detrick-from-carson-group-assures-that-we-are-not-heading-towards-a-recession/?feed_id=105736&_unique_id=64824f225d2c7 #Inflation #Retirement #GoldIRA #Wealth #Investing #breakingnews #businessnews #cable #cablenews #ClosingBell #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #stockmarket #stockmarketnews #Stocks #usnews #worldnews #RecessionNews #breakingnews #businessnews #cable #cablenews #ClosingBell #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #stockmarket #stockmarketnews #Stocks #usnews #worldnews
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