ryan detrick.d to see you. >> good to see you. >> are you bullish stocks from here, how do you see things? >> we are. what you just talked about before i came on. earnings are strong, profit margins also have been significantly increasing, kind of against what a lot of people expected. also capex, expenditures hitting all-time records, earnings and other two things, it's hard not to be bullish. we've been overweight equity since december 2022. a lot of people didn't like that call but it worked out. right now, we had that 5.5% correction last month, we think that was enough to bring the fear. the vix spiked above 20 rks a lot of outflows coming in and a lot of fear, even though it was only 5%. a lot of other stocks were down more. and now here we are, may is off to a good start and in an election year. seasonality, don't blindly invest, but you tend to get a lot of strength in the summer of an election year. this year is playing out like that again, we'll have a good summer rally in an election yea

joining me with 35 billion of asset under management, carson group ryan detrick. y at the moment. does nvidia fit into that? ahead of this report it is down two-thirds of a percent, but it has a forward p-e i say of 37. too expensive for you? >> yeah, liz thanks for having me back. nice green for a good bull market here. if you think about it, yes. one amazing thing about nvidia it is actually cheaper than it was at the start of 2023. the stock is up 550%. that is because earnings are so explosive. we're nor neutral tech. we don't not like it. everybody is excited about it. that bar is pretty high. but we'll see. it is amazing company and the earnings justified it. so that is pretty impressive. liz: we're coming up a few days away from memorial day, the end of may, the old saying go away sell in may. that is so dated at the moment because the market is pretty vibe brandt no matter how you slice it but what are you recommending at the moment and what stocks are in the bucket that you like? >> it hasn't worked so far. we're up 5% for may. that is pretty liz. liz, thi

the dow would open up slightly higher nasdaq up .50% right now joining me now is ryan detrick from the having me back. i appreciate it. >> holiday shortened week. give my a sense of how you see today shaping up give me your "wex" word of the day. >> we had the strength on friday you come in today with more green. we have seen that, frank this is one of the best years ever with the down day and the next day does really well. not surprisingly, it is the best start ever after 100 s 00 days election year ever all in all, the last week of may into the first week of june, his t torically is a strong week >> i want to talk about the performance of the s&p this is an interesting historical stat. we talk about investors putting money to work. if there is a 5% gain in may, we get a 9% average return in june. since 1950, that has happened every single time. as we look at that potential, where would you put money to work now we have more investors putting money on the sidelines $30 billion into money market funds in last two weeks. >> may is not usually all that great. you usually have more streng

up next, a summer of strength on the horizon, the nasdaq on track for a record closing high and ryan detrick could be a big summerorhe bls f tul and he will tell you exactly why and make his case next offers investors leverage to both gold and copper at its project, and mining friendly wyoming. u.s. gold corp has a reserve of almost 1.5 million ounces of gold equivalents. permits to mine zero debt with only 10.73 million shares outstanding and a portfolio of world class american strategic metals assets. u.s. gold corp, join the golden age. >>> with this economy, moving as it is, and, you know, and the cash on the sidelines, as long as it is not the bad cuts because of a real slowing economy, it is the good cuts because of slowing inflation, this bull market is absolutely still on track >> well tlark was professor jeremy siegel earlier in our program today, outlining his bullish case for stocks. our next guest says this is setting up to be one of the hottest stretches for the market joining me now, chief market strategist ryan detrick. good to see you again. why do you think so? >> thanks for

another great piece from ryan detrick.0 days up more than 10%, what happens for the rest of the year? for the most part of arage we go up another 9%. so for the most part if we rocked and roll for 100 days, wow, that means we could rock and roll for the rest of the year. here's the thing to remember though, in real life, love can be blind although not always for the stock market, right? i will say there was a moment of sobriety yesterday. in all of the excitement waiting for those earnings from nvidia, the fomc minutes came in. they derailed the rally. all major intoday sighs closed lower. this morning preliminary pmi reports. it sent bond yields higher and put the kibosh on the stock rally. we came out of the gate with gusto. all of sudden we hit a brick wall. all of sudden bond yields went up, 4.5, that es your number about on the 10-year yield. when we get above that, forget about it. nothing has had a greater influence on the stock market, not even nvidia as bond yields has. my next guest remains bullish for several re

liz: great to have you, ryan detrick. here is the closing bell. [closing bell rings] nvidia after the bell, it is a.i. chipmaker. we have the company perplexity. and ceo and drew wilkerson will also join us. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. all right, biden's inflation inferno continues. we have another 7.7 billion in student loan forgiveness, think of that. house members byron donalds and anna paulina luna on that and just more in couple minutes. vivek ramaswamy on former president trump now accepting cryptocurrency donations for his campaign, how about that? there may be no hope to truly tame inflation. that's a subject of the riff. stock market bulls continue to tout federal reserve interest rate cuts but the latest fed minutes out day throw cold water on that proposition. by the way, stocks don't need any extra juice from the fed. the current rally is based on solid profits which are always the mother's milk of stocks and the lifeblood of the economy but consumers prices have increased 4 1/2% at an annual rate over t