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U.S. economy remains above trend, Ryan Detrick notes
Ryan Detrick, chief market strategist at Carson Group, states that the Carson Research Leading Economic Index continues to indicate above trend growth for the U.S. economy.
He highlights that this proprietary index accurately predicted no recession in 2023 and has kept forecasts on the positive side over the last few years.
Detrick has previously reviewed polls showing rising bearish sentiment among investors even as the stock market reached record highs, according to a recent article. He also pointed to a 3 percent rise in gold prices linked to hopes for peace and ongoing strength in the bull market. These observations provide additional context to his current outlook on above-trend economic growth.
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