Minor turbulence should be about over
When you are on a flight and there is a bit of turbulence, do you; (1) believe it is only minor and will be very brief, or (2) expect…
Read MoreMacro
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.
Pause closer to end than beginning
First, we at Dwyer Strategy and Canaccord Genuity would like to wish you all a very safe and happy Memorial Day weekend. The volatility of the market over the…
Read MoreFed offers risk and opportunity
The last few sessions have shown that investors have no idea how to play the trade friction between the US and China. The recent market volatility is exactly what…
Read MoreWhy current correction is not like the others
We continue to believe the whole bull story for the equity markets is the weaker economic data. The S&P 500 (SPX) suffered a 5% correction from peak based on…
Read MoreInsanity usually means opportunity
The popular definition of insanity is doing the same thing over and over again and expecting a different result. We disagree, and believe the true definition of insanity is…
Read MoreNo reason to change our game plan
We will keep this short and to the point. In our note “The cause for pause,” we highlighted the likelihood of a limited and temporary 3-5% pullback in the…
Read MoreMay Macro Slide Deck
Initiating 2020 SPX Target of 3,350. Throughout this cycle, the market has been driven by the perception of Fed policy, availability of credit, EPS growth, and what investors are…
Read MoreThe cause for pause
Although our fundamental core thesis remains positive, given a backdrop of low inflation, the dovish Fed pivot, a re-steepening yield curve, slowing but positive growth, better-thanexpected EPS, and valuation…
Read MoreBond pet peeve
A big pet peeve for me is when folks generalize a huge asset class and then suggest it is sending investors some kind of message.
Read MoreFewer retail investors bullish on the market
The Investors Intelligent report yesterday, showed that despite the recent market gains, there was a decline in the percent of newsletter writers that were bullish on the market.…
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