Tony is best known for the practical application of macro data. He will use his 30 years of experience to evaluate what data matters and how you can apply it to your investment process.
The tactical backdrop suggests continued near-term consolidation period, while our positive fundamental core thesis of (1) historically high business and consumer confidence, (2) strong economic growth, and (3) better-than-expected earnings…
Read MoreHighlights Credit-led equity bull markets typically experience a two-year LBO and merger boom once the yield curve inverts We continue to think a meaningful inversion is still 1-3 years…
Read MoreFocusing on intermediate-term opportunity rather than near-term risk.
Read MoreHighlights Banks have been buying US government agency bonds far more aggressively then they have been buying US Treasury bonds As a result, the US government agency yield curve may…
Read MoreA tough news backdrop with a very positive fundamental framework. It is hard to imagine a more difficult trading environment due to worsening trade-war rhetoric, a sharp devaluation of the…
Read MoreThe Three Myths There are a number of myths surrounding the market action as we trend toward the initial inversion of the 2-10 year U.S. Treasury Yield Curve (Yield Curve):…
Read MoreHighlights The credit market has been growing at a strong pace despite banks being a drag on it. That suggests the other participants are being more aggressive in this…
Read MoreEPS and core thesis suggest adding exposure on volatility. Earlier in the year, we were much more nervous about a meaningful correction because sentiment was at an optimistic extreme, the…
Read MoreHighlights Trade worries continue to preoccupy equity investors However, pensions are continuing to allocate fresh new tax money to credit at a rate that is a multiple of nominal…
Read MoreIn mid-January, there was a historic level of euphoria in both global economic and market expectations, and that proved to be the time to fade both.
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Canaccord Genuity Sr. Managing Director / Macroeconomist / Chief Market Strategist
Tony Dwyer joined Canaccord Genuity following the acquisition of Collins Stewart in March 2012, and currently serves as the Head of U.S. Macro Group, Chief Market Strategist, and member of the Firm’s U.S. Operating Committee.
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Canaccord Genuity LLC is a registered broker dealer regulated by SEC and FINRA. Member SIPC. Offices in other countries are offices of other companies in the Canaccord Genuity group of companies. See canaccordgenuitygroup.com/en/companies for more information.
Investing includes risk, including the loss of principal.
The views expressed in this commentary are the views of Tony Dwyer and are subject to change based on market and other conditions.
This site contains certain statements that may be deemed to be forward-looking statements. These statements are based on certain assumptions and analyses made in light of experience and perception of historical trends, current conditions, expected future developments and other factors believed to be appropriate in the circumstances. Such statements are subject to a number of assumptions, risks, and uncertainties, and are not guarantees of any future performance. Actual results may differ materially from those projected in the forward-looking statements.
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