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A recent chart highlighted in Scott's report suggests that software could continue to outperform semiconductor stocks.
Ryan Detrick, Chief Market Strategist at Carson Group, shared the chart and its implications in a recent post.
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Detrick has previously tracked shifts in major equity benchmarks. He recently observed that the S&P 500 recorded just one new low for two straight days. Earlier this year, Detrick noted the S&P 500 had climbed about 18% since March 30, 2026, following a post-midterm year pattern.