by Tony Dwyer | Feb 15, 2023 | How I See It
Editor’s note: Tony Dwyer, chief U.S. portfolio strategist for Canaccord Genuity, and his colleagues author a widely respected monthly overview of economic and market conditions, technical factors, and future market outlook called the “Strategy Picture...
by Tony Dwyer | Feb 8, 2023 | How I See It
Both sides of the bull and bear argument were reinforced on Feb. 1. The Institute for Supply Management (ISM) manufacturing data continues to point to recession (Figure 1), while the market reaction to the Federal Reserve press conference continued the...
by Tony Dwyer | Dec 7, 2022 | How I See It
Last week, a less-hawkish-than-expected tone from Federal Reserve Chair Powell sent the S&P 500 (SPX) just beyond our expected fourth-quarter upside range. History shows any comparable year with such a weak start through the first three quarters...
by Tony Dwyer | Sep 14, 2022 | How I See It
Editor’s note: Tony Dwyer, chief U.S. portfolio strategist for Canaccord Genuity, and his colleagues author a widely respected monthly overview of economic and market conditions, technical factors, and future market outlook called the “Strategy Picture...
by Tony Dwyer | Aug 10, 2022 | How I See It
The significant upside surprise in the nonfarm payroll data from Aug. 5—which showed job growth of 528,000 jobs versus the consensus expectation of a 250,000 gain—reinforces our view expressed on Aug. 1: “Our four indicators that guide us in recognizing...