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Ryan Detrick: Stocks reached new highs 11 times in May following skepticism

Ryan Detrick: Stocks reached new highs 11 times in May following skepticism
Stocks hit 11 new highs in May

Ryan Detrick, chief market strategist at Carson Group, reflects on market sentiment a month ago when many doubted the sustainability of the April rally.

He observes that despite concerns about oil, war, yields, Federal Reserve leadership, yen carry trades, and potential credit events, stocks went on to record new highs 11 times during May.

Detrick has previously analyzed how stocks react to changes in central bank leadership, examining whether markets test new Federal Reserve chairs in a past article. He has also discussed consumer sentiment, market breadth, and record earnings during Jerome Powell’s term in a separate outlook. These analyses reflect his ongoing focus on key factors influencing market behavior.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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