In the latest episode of Facts vs Feelings, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, dive into a seasonally tricky September. They break down Fed Chair Jerome Powell’s dovish stance at the Jackson Hole Symposium, the Fed’s balancing act between jobs and inflation, the steepening yield curve, and why gold and international markets are worth watching. Despite short-term volatility risks, they explain why the long-term bull market remains intact.

Key Takeaways:

• Jackson Hole Reaction: Powell leaned dovish, sparking a strong rally, but September cuts aren’t a lock.
• Fed Outlook: Markets are pricing in six rate cuts by late 2026 — potentially a big tailwind.
• Home Equity = Dry Powder: Falling rates could unleash a wave of consumer spending power.
• Steepening Yield Curves: A global signal pointing to growth and inflation expectations.
• Gold Breakout: With its price rising for eight months in a row, gold can be a long-term hedge against volatile inflation and a diversifier beyond bonds.
• Inflation Risks: Broader services inflation remains sticky, keeping pressure on the Fed.
• Seasonal Weakness: September has historically been the market’s toughest month, but optimism remains.

Connect with Ryan:

• LinkedIn: Ryan Detrick

• X: @ryandetrick

Connect with Sonu:

• LinkedIn: Sonu Varghese

• X: @sonusvarghese

Questions about the show? We’d love to hear from you! factsvsfeelings@carsongroup.com

#FactsVsFeelings #CarsonGroup #MarketOutlook #FederalReserve #Inflation #Gold #ETFs #EconomicUpdate #RyanDetrick #SonuVarghese

In the latest episode of Facts vs Feelings, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, welcome back legendary investor Cliff Asness, Co-Founding Partner, Managing Principal, and Chief Investment Officer of AQR Capital Management. From market bubbles and speculative manias to AI-driven strategies and even Superman movies, this milestone 150th episode blends sharp market insight with candid (and fun) conversation.

Key Takeaways:

• Bubble Talk: Cliff explains why today’s markets are expensive but stop short of a true “bubble.”
• Black Swan Events: Why extreme market shocks happen far more often than statistics suggest.
• Rise of Grift: Social media and meme coins are fueling grift-like behavior in markets.
• AQR Evolution: How AQR has shifted toward data-driven models and capital efficiency.
• Portable Alpha: Insights on stacking returns and improving diversification.
• Buffer Products: Why complex downside-protection ETFs may just be expensive ways of holding cash and equities.
• Personal Stories: Cliff shares Marvel fan moments, career “what-ifs,” and parenting wisdom.

Connect with Ryan:

• LinkedIn: Ryan Detrick

• X: @ryandetrick

Connect with Sonu:

• LinkedIn: Sonu Varghese

• X: @sonusvarghese

Connect with Cliff:

• LinkedIn: Cliff Asness

• X: @CliffordAsness

Questions about the show? We’d love to hear from you! factsvsfeelings@carsongroup.com

#FactsVsFeelings #CliffAsness #AQR #MarketBubbles #InvestingInsights #PortableAlpha #BlackSwan #FinancePodcast #RyanDetrick #SonuVarghese

In the latest episode of Facts vs Feelings, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, break down the latest market moves, the outlook for rate cuts, and what the data is really telling us about inflation and growth. From cooling economic numbers to investor sentiment, this week’s conversation highlights why the market isn’t as fragile as headlines suggest — and what investors should really be watching for the rest of 2025.

Key Takeaways:

• Jobs slowdown: Payrolls are cooling, but we’re still not seeing signs of a recession.
• Inflation easing: Core numbers are moderating, opening the door for rate cuts from the Fed.
• Rate cuts in focus: The Fed is likely to take action soon, with markets pricing a cut in September.
• Markets resilient: Despite investor worries, the markets continue to reach new highs.

Connect with Ryan:

• LinkedIn: Ryan Detrick

• X: @ryandetrick

Connect with Sonu:

• LinkedIn: Sonu Varghese

• X: @sonusvarghese

Questions about the show? We’d love to hear from you! factsvsfeelings@carsongroup.com

#FactsVsFeelings #CarsonGroup #MarketOutlook #Inflation #RateCuts #EconomicUpdate #StockMarket #RyanDetrick #SonuVarghese