The S&P 500 (^GSPC) is on the verge of achieving a significant milestone: six consecutive months of gains. To discuss current market dynamics, Carson Group chief market strategist Ryan Detrick joins Market Domination.

Detrick highlights a pattern in October's trading. The S&P 500 hasn't moved up or down by 1% during the entire month, a phenomenon that has occurred only twice in the past 50 years. He notes this represents one of the least volatile October periods preceding an election.

As the bull market enters its third year, Detrick compares it to five previous instances of similar market conditions. In those cases, bull markets averaged gains of 288% over an average duration of eight years, he explains. With the current bull market up only 62% after two years, Detrick expresses optimism, stating, "We simply do not see a recession on the horizon."

However, Detrick identifies the Federal Reserve as the primary risk to this bull market.

"We've been in the camp that inflation is last year's problem," he states. While acknowledging that markets have risen for five consecutive months, he cautions that the Fed could make "a policy mistake" regarding monetary policy.

To watch more expert insights and analysis on the latest market action, check out more Market Domination here.

This post was written by Angel Smith