This is a global bull market, says Carson Group's Ryan Detrick

Market Overview & Sentiment - Over 90% of S&P 500 stocks are higher, hitting an all-time high, a situation historically followed by extended bull markets [2][3] - The market is reacting positively to perceived dovish signals from the Federal Reserve [4] - A global bull market is underway, with various indices hitting all-time highs, favoring diversified equity holders [9][10] Investment Strategy & Sector Preferences - The firm favors financials, industrials, and technology sectors [6][7] - The firm is underweight small caps relative to large caps, but acknowledges potential upside if small caps show relative strength [7][8][9] - The firm is underweight bonds relative to stocks, anticipating a potentially dovish Fed and future leadership [12] Interest Rate & Bond Market - Historically, after a pause of 5 months to a year between interest rate cuts, the S&P 500 is higher one year later 10 out of 11 times, with a 14% median return [5] - The two-year Treasury yield has dropped significantly, reflecting market expectations of rate cuts [11]