S&P 500: Carson Sees July Rally

Despite a recent period of market consolidation, dubbed the “June swoon,” the S&P 500 is positioned for a major breakout. Carson Group Chief Market Strategist Ryan Detrick expects a massive July stock market rally, fueled by a historically rare technical setup, strong corporate earnings, and a justified artificial intelligence boom. Normalizing The ‘June Swoon’ While late June has brought some choppy trading and sector rotation, Detrick remains unfazed, viewing the pullback as a routine pause rather than a macroeconomic warning sign. “I think this consolidation, if you will, during June, is perfectly normal,” Detrick told CNBC.

“The June swoon, the second half of June, is not usually that great. ” Rather than signaling a market top, Detrick believes this breather paves the way for a robust July. He emphasized that July is historically “one of the strongest months,” heavily driven by the upcoming earnings season and continued capital expenditures in the tech sector. June 17th historically kicks off one of the worst 10 day periods of the year.

Will we see a June Swoon this year? com/5MhZ2eAGwx - Ryan Detrick, CMT (@RyanDetrick) June 18, 2026 Read Also: S&P 500 Flashes A Rare Signal That Leads To Over 20% Gains Historically: Ryan Detrick Calls It 'Good News' A Rare And Bullish Setup The broader market has surged nearly 20% over a rapid two-month stretch, a rare historical feat that points to future gains. 5% in 42 trading days,” Detrick noted, explaining that since World War II, this specific velocity has occurred only seven times. The historical precedent for such a rapid ascent is remarkably optimistic.

” The ‘Barbell Approach’ To Tech And Rotation Unlike the tech bubble of 1999, Detrick argues today’s market valuations are rooted in reality. ” While remaining “slightly overweight technology,” he suggests balancing portfolios by keeping “some financials and some industrials” on the other end. Ultimately, Detrick predicts a resilient labor market and “inflationary growth” will carry the economy through the year. ” How Have Markets Performed In 2026?

29% year-to-date. 16% YTD. The SPDR S&P 500 ETF Trust (NYSE: SPY ) and Invesco QQQ Trust ETF (NASDAQ: QQQ ), which track the S&P 500 and Nasdaq 100, respectively, closed lower on Wednesday. 62.

37% higher on Wednesday. 26%. Read Also: S&P 500 Up More Than 5% Through April — History Says 2026 Could Surprise Everyone Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors.