Milk Road Macro The 10 Macro Signals That Still Support a Bull Market w/ Ryan Detrick
Feb 19, 2026
Ryan Detrick, Chief Market Strategist at Carson Group with 20+ years in markets, offers data-driven macro and technical perspective. He highlights market breadth and sector rotation, resilient earnings and labor, huge AI CapEx, fiscal tailwinds, commodities and global leadership, Fed policy risks, and potential triggers for a 2026 correction.
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Breadth Leads Price
- Broad market breadth is leading price and signals a healthy bull market despite tech weakness.
- Advance-decline lines and multi-market participation suggest the S&P can retest all-time highs.
Industrials And Cyclicals Leading
- Sector rotation into industrials, materials, energy, and gold underpins a broader bull market.
- Industrials' earnings jumped 26% year-over-year, signaling real economic strength under the surface.
Buy The Software Dip
- Consider buying beaten-down software and selective tech after panic-driven sell-offs.
- Ryan says buying quality software names now may outperform over six to twelve months.