Carson Group's Detrick sees 2nd-half pickup leading to solid 2025 results

Ryan Detrick, chief market strategist for the Carson Group, says growing earnings and profit margins are creating a dual tailwind for the stock market, and while he cites plenty of reasons for concern — including the potential for a double-digit market decline in the first half of 2025 — he's "not scared that the bull market is over." In both his 2025 outlook — released Tuesday — and in today's Big Interview, Detrick called for double-digit market gains, inflation that comes under control and allows the Federal Reserve to cut interest rates later in the year, and a change in market leadership that has him leaning into rebalancing and diversifying portfolios, with particular attention paid to  financial, cyclical and industrial companies. Chip Lupo discusses a WalletHub survey which showed that more than 1 in 10 Americans blew up their credit card debt over the holiday season, and that more people are carrying debt without any plan on how to pay it off. In the Market Call, it's discount shopping in the closed-end fund aisle with Eric Boughton, chief analyst for Matisse Captial and manager of the Matisse Discounted Closed-End Fund Strategy fund.