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Ryan Detrick, chief market strategist at Carson Group, highlights that some of the largest sales on record have occurred this summer.
His comment points to a notable trend illustrated in a chart shared by another market observer.
Detrick has previously noted declines of more than 20% from recent highs for major memory chip stocks including Micron and WDC, despite strong year-to-date gains in the sector, according to a recent report. He also indicated that Carson Group’s proprietary economic index is forecasting rapid improvement in U.S. economic growth, as detailed in a separate update. These observations add further context to his recent comments on notable market sales.