Ryan Detrick, Carson Group's chief market strategist, suggested Wednesday that the bull market could run for several more years, including a strong rally in the 2025 fourth quarter.
Despite credit concerns and other potential market pressures, Detrick said on CNBC's "Worldwide Exchange" that history, recent earnings and market signals indicate that the bull market has legs.
Earnings drive long-term stock gains, and most companies have done well so far this earnings season, Detrick noted.
“The reality is we’re looking at record earnings this year, record profit margins, continued strong guidance," he said, acknowledging weakness of the labor market. “The reality, though, is it’s still a bull market."
Carson Group is fairly optimistic, he added, that "we’re going to see a pretty good-sized fourth-quarter rally when all is said and done."
There always are worries, Detrick said, but once a bull market hits three years, as the current one has, they tend to average eight years, according to data dating to 1950.
“Just because the bull market is old doesn’t mean it has to end," he said.
Detrick also cited a recent 10-point, two-day drop in the VIX stock market volatility index after hitting 29 Friday, when the S&P 500 was near its all-time high. Historically, he said, "that's kind of an all clear." On X , Detrick called the 10-point fall in the VIX from Friday's peak to Tuesday's close "some incredible volatility implosion in two days," and the first time it's happend with the S&P 500 closing within 1% of an all-time high.
When it happened in January 2009, the S&P 500 was 46% away from an all-time high, he said on X.
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