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 Fed continues to raise rates in an effort to prevent an unwanted jump in inflation, especially given the historically low unemployment rate. Indeed, companies have been complaining about the…
Read MoreThe market correlates most directly to the direction of EPS. Current expectations are calling for S&P 500 (SPX) EPS growth of over 22% in 2018, with further growth expected entering…
Read MoreHighlights • The Fed’s flow of funds data illustrates why Libor went haywire earlier this year. • The impact of repatriation on Libor seems to be easing, removing a potential…
Read MoreHighlights • The Fed’s flow of funds data confirms that this equity bull market remains a battle between companies and investors. • The data also supports the view that the…
Read MoreRaising our 2018 SPX estimates and target and initiating our 2019 outlook. We are raising our 2018 estimated S&P 500 Index (SPX) operating earnings per share (EPS) from $155/sh to $160/sh.…
Read MoreThere is a definite risk-off feel to the markets on the back of political turmoil in Italy. The recent election and Finance Minister appointment are renewing fear that the Eurozone’s…
Read MoreHigher rates matter when associated with perception of credit event. Now that the 10-year U.S. Treasury (UST) yield moved through 3%, investors keep looking for theabsolute level of the 10-year…
Read MoreHighlights: Companies used to be net sellers of stocks, selling them to investors and using the proceeds to grow The creation of the modern junk bond market…
Read MoreTaking our trusty intermediate-term oversold signal a step further. In early April, "Whooshes can become ramps" noted how our trusty 14-week stochastic indicator for the S&P 500 (SPX) index hit…
Read MoreWith the S&P 500 (SPX) down the better part of 10% over the past three months, there is a clear sense of caution in the current environment. Clearly, the proper…
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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.
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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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