Episode Overview

Podcast: Your Money Minute
Episode Title: Some Believe The Bull Keeps Running
Date: November 10, 2025
Host: Jessica Ettinger (CNBC)

This quick 60-second episode discusses the ongoing bullish momentum in the stock market as the current bull run marks its third anniversary. Jessica Ettinger, joined by Ryan Dietrich from Carson Group, explores historical trends and investors’ optimism heading into the end of the year, with a special focus on the potential for continued gains and hopes for a "Santa Claus rally."

Key Discussion Points & Insights

1. Bull Market Longevity and Historical Trends

• Current Milestone: The current bull market celebrated its third birthday in October 2025.
• Historical Context:
  • Ryan Dietrich [00:12]:

    "Once you get to the third birthday, right, they continue to go like an average of eight years, right? The shortest was five years. So again, just because this bull market feels old, that doesn't mean it has to end."

  • Insight: Bull markets have historically lasted longer after their third year, and this one may have further to run.

2. Prospects for Year-End Gains

• Firm Outlook:
  • Jessica Ettinger [00:22]:

    "He says his firm thinks stocks have a good shot at going higher right into the end of the year."

  • Ryan Dietrich [00:30]:

    "Look at history again. Yes, no strong December's fairly strong. You know, it still looks pretty good to us here."

  • Insight: Historically, December is a robust month for stocks, and the current sentiment remains positive for continued growth.

3. Santa Claus Rally and Market Performance

• Investors' Hopes:
  • Jessica Ettinger [00:36]:

    "Investors will then be rooting for a so-called Santa Claus rally as 2026 begins."

• S&P 500 Returns:
  • The S&P 500 index returned more than 20% in both 2023 and 2024, fueling hopes for a third consecutive year of strong gains.
• Trend Watching: There is anticipation for whether the market can achieve a rare "three-peat" performance.

4. Further Resources

• Jessica Ettinger [00:51]:

  "Lots more on market performance and sentiment at CNBC.com."

Notable Quotes

• Ryan Dietrich [00:12]:
  "Once you get to the third birthday, right, they continue to go like an average of eight years, right? The shortest was five years. So again, just because this bull market feels old, that doesn't mean it has to end."

• Jessica Ettinger [00:22]:
  "He says his firm thinks stocks have a good shot at going higher right into the end of the year."

• Ryan Dietrich [00:30]:
  "Look at history again. Yes, no strong December's fairly strong. You know, it still looks pretty good to us here."

• Jessica Ettinger [00:36]:
  "Investors will then be rooting for a so-called Santa Claus rally as 2026 begins."

Timestamps of Important Segments

• [00:00] – Introduction to the bull market's third anniversary
• [00:12] – Historical average duration of bull markets (Ryan Dietrich)
• [00:22] – Expert outlook for year-end stock performance
• [00:30] – History of strong Decembers and current market optimism
• [00:36] – Investor hopes for a "Santa Claus rally" and recap of S&P 500 performance
• [00:51] – Where to find more information (CNBC.com)

Episode Tone and Style

The episode is concise and optimistic, echoing historical confidence in market cycles while acknowledging investors' hopes for continued strong returns.
Jessica Ettinger uses plain language and topical references, while Ryan Dietrich provides succinct historical context to support ongoing bullish sentiment.