Active investment management’s weekly magazine for fee-based advisors

Tony Dwyer

Tony Dwyer joined Canaccord Genuity in March 2012 as the firm's U.S. equity market strategist and a senior managing director. In 2015, Mr. Dwyer was named co-director of research, and currently sits on the firm's operating committee. Prior to joining Canaccord Genuity, he served as equity strategist at Collins Stweart, and also held the additional role of director of research while sitting on the firm's executive committee. Mr. Dwyer st arted his career at Prudential-Bache Securities in 1987 as an equity market strategist.

Using a slow cooker in a microwave market

B​oth 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...

The Fed’s inflation challenge

L​ast 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...