On this episode of Full Signal, I sat down with Ryan Dietrich of Carson Group. He is one of the most

bullish and optimistic strategist on Wall Street, and he explained why he's been so bullish this year and why he's

been so correct, why recession signals have not come to fruition and what he's expecting through the

end of the year. I hope you enjoy this conversation. Ryan Dietrich, I really

appreciate you coming. I know you have been super bullish, super optimistic all year, and you have

pushed back on pretty much everyone else that's been less optimistic than you. Can you walk us

through what's kept you optimistic and some of the data that you're watching these days? Yeah, Phil, first of all, thanks have me back. I heard, or not back. It's nice to see you again, as I meant to say. I heard I'm the second guest, so I appreciate that and congrats on this new podcast medium to discuss what's going on out there. So at our team, Carson Group, I work with Sonu Vargas, you know Sonu, really for three years.

We've been saying along the same lines is, it's not as bad as they keep telling you.

And markets are all about expectations, right?

It's not about really good news or bad news.

It's better or worse news. And we came into this year, we were, again, overweight equities. We said stock market gained between 12 and 15%, you know, by the end of the year. And those are targets. And believe me, I'm a strategist. I kind of hate giving targets. I just like to say I'm overweight or underweight because I might change my mind. We're allowed to change our minds.

Like people will just say, oh, you can't change your mind.

But we had that bullish target.

Obviously when the S&P was down 15% for the year, April 8th, down nearly 20% it was uncomfortable

to say, wow, maybe it's not as bad as maybe things are, you know, not the end of the world like they're telling us on TV. Fortunately, we have come back. And again, we look at the world a couple different ways, but maybe get specifically to your question. It's shocking to me. The time we're doing this, S&Ps less than 2% from all time high. The number of people that just doubt it,

we hear about, you and I prior to talk about these things,

bubbles, K-shaped economy, the Fed,

inflation, all the worries,

and they're valid worries and concerns.

But when you look at something like the AAI-I-Senament poll,

this year, the bears have averaged 11 percentage points more than the bowl.

So there have been more bears than bowls, okay, on average this year.

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