by Tony Dwyer | Jul 29, 2020 | How I See It
In our June 9 article, “Consolidation confirmation,” we looked at how the market typically acts following longer-duration breadth thrusts, which took place the first week of June. We found that when more than 90% of the S&P 500 (SPX) components...
by Tony Dwyer | May 20, 2020 | How I See It
There has been an incredible ramp up in corporate credit new issuance since the Federal Reserve announced that it was going to buy corporate-bond ETFs. The Secondary Market Corporate Credit Facility (SMCCF) recently began buying ETFs with the goals of...
by Tony Dwyer | Jan 8, 2020 | How I See It
Every bull market has minor corrections, like the 7% one in May 2019 and the 6% one a few months later in August, but a real 15%–20% drop over the course of the past 10 years has come with a rise above 3% in the 10-year U.S. Treasury Bond (UST) yield...
by Tony Dwyer | Nov 13, 2019 | How I See It
Editor’s note: Tony Dwyer, U.S. portfolio strategist for Canaccord Genuity, and his colleagues author a widely respected monthly overview of market conditions, technical factors, and future market outlook called the “Strategy Picture Book.” The...
by Tony Dwyer | Oct 23, 2019 | How I See It
We have been meeting with institutional, family office, and retail investors around the world over the past few weeks, and we can only conclude that nearly everyone is nervous and in a defensive position. The volatility around Brexit, the trade war, a...
