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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStock market looks sets up for good year after recent pullbacks, says Canaccord's Tony DwyerTony Dwyer, Canaccord Genuity chief market strategist, joins 'Squawk on the Street' to discuss if the recent equity downturn was due to technical factors, what it all tells the strategist about the future, and more.
Persons: Canaccord's Tony Dwyer Tony Dwyer, Canaccord Organizations: Email
The Federal Reserve may have new incentives in the second quarter to cut rates deeper this year. Canaccord Genuity's Tony Dwyer thinks a deteriorating jobs market and easing inflation will ultimately push the Fed to act. "Our focus now is those rate cuts are what you need." At the March Federal Reserve policy meeting on interest rates, officials tentatively planned to slash rates three times this year. According to Dwyer, market performance will become much more even by the end of this year into 2025.
Persons: Canaccord Genuity's Tony Dwyer, I'm, CNBC's, Dwyer Organizations: of Labor Statistics
Investors need to wait for a recession and accompanying rate cuts before putting more cash into stocks, Canaccord's Tony Dwyer says. Under such a scenario, the Fed would leave interest rates higher for longer to induce a downturn, then cut rates, Dwyer says. That's actually good news for investors, Dwyer said, as a downturn is the buying opportunity investors need to wait for:"You need to kill the zombie. A slowing economy could push the Fed to issue rate cuts — the monetary easing tool investors have been eagerly anticipating. Some Wall Street forecasters have warned interest rates could stay higher-for-longer as the Fed is looking to avoid a resurgence in inflation.
Persons: Canaccord's Tony Dwyer, Dwyer, , Tony Dwyer, Canaccord, that's, haven't, Russell Organizations: Service, CNBC, of Labor Statistics, New York Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBuy stocks on weakness that typically benefit from rate cuts, Canaccord’s Tony Dwyer suggestsTony Dwyer, Canaccord Genuity Chief Market Strategist, joins 'Fast Money' to discuss buying into the broadening theme on weakness and what he expects from the Fed.
Persons: Canaccord’s Tony Dwyer, Tony Dwyer, Canaccord
The $1.7 trillion private credit market has delayed a US recession, according to Tony Dwyer, Canaccord Genuity chief market strategist. AdvertisementAn economic recession has been delayed, but not averted amid ongoing weakness in the manufacturing sector, according to Cannacord Genuity chief market strategist Tony Dwyer. But I really think it's the private credit market that has help up companies that would have ordinarily not had access to capital. The private credit market has soared over the past decade as investors reached for yield amid a prolonged period of near-zero interest rates, with less than $300 billion invested in private credit in 2009. And for the first time in history, we have private credit," Dwyer said.
Persons: Tony Dwyer, Canaccord, Dwyer, Cannacord, it's Organizations: CNBC, Federal Reserve, PMI, Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPrivate credit has held up companies that wouldn't have access to capital otherwise, says Tony DwyerTony Dwyer, Canaccord Genuity chief market strategist, joins 'Squawk on the Street' to discuss the latest market trends, recession outlook, mega-cap stock performance, and more.
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The "zombie economy" is haunting the stock market and stoking uncertainty, Canaccord Genuity's chief market strategist told Bloomberg. AdvertisementThe stock market has been jittery lately. One strategist says they've created a "zombie economy" that's contributed to volatility as interest rates have risen. "We kind of still have the zombie economy," Tony Dwyer, the chief market strategist at Canaccord Genuity, told Bloomberg on Wednesday. It's that uncertainty that is bleeding into the stock market.
Persons: Canaccord, , they've, that's, Tony Dwyer, Genuity, It's, That's, Dwyer, haven't, Jerome Powell Organizations: Bloomberg, Service Locations: New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNeed to see more fear in markets before attacking 9-12 months of gains: Cannacord Genuity's DwyerTony Dwyer, Canaccord Genuity chief market strategist, joins 'Squawk on the Street' to discuss what Dwyer makes of the last push on the S&P 500, Dwyer's hesitance to make a bold call for the Federal Reserve, and more.
Persons: Cannacord Genuity's Dwyer Tony Dwyer, Canaccord, Dwyer, Dwyer's hesitance Organizations: Federal Reserve
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEquity prices will end the year where they currently are, says Canncord Genuity's DwyerTony Dwyer, Canaccord Genuity chief market strategist, joins 'Squawk on the Street' to discuss why investors need to 'chillax' into year-end, why prices may end the year where they currently are, and more.
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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA soft landing is not going to happen, says Canaccord's Tony DwyerTony Dwyer, Canaccord Genuity chief market strategist, joins 'Closing Bell Overtime' to talk interest rates, what the Federal Reserve is poised to do next and the possibility of a recession.
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CNBC Daily Open: Oil deals ahead of Big Tech earnings
  + stars: | 2023-10-24 | by ( Shreyashi Sanyal | ) www.cnbc.com   time to read: +2 min
In this article GOOGL Follow your favorite stocks CREATE FREE ACCOUNTOmar Marques | Lightrocket | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Unlike more focused software companies, Microsoft "has full geographic coverage across all industry verticals," UBS analyst Karl Keirstead said, and that makes Microsoft less susceptible to downturns in any one sector or region. Most analysts predict the sales of weight loss drugs such as Wegovy and Mounjaro could easily exceed $100 billion. Still, that's conservative compared to Guggenheim's expectations of $150 billion to $200 billion in sales.
Persons: Omar Marques, Hess, Canaccord, Tony Dwyer, Karl Keirstead, Mounjaro, drugmaker Eli Lilly Organizations: Lightrocket, CNBC, Big Tech, Nasdaq, Chevron, Exxon Mobil, Stocks, Microsoft, UBS, Wall Street, Citi, Novo Nordisk Locations: .
"When the 10-year yield goes up, it will have a knock-on effect for almost everything," according to Brett House, economics professor at Columbia Business School. There are many factors driving the recent spike in Treasury yields, economists said. Most of the recent jump in Treasury yields is due to a so-called term premium, said Andrew Hunter, deputy chief U.S. economist at Capital Economics. Student loans could get pricierThere is also a correlation between Treasury yields and student loans. The government sets the annual rates on those loans once a year, based on the 10-year Treasury.
Persons: Jerome Powell, Mark Hamrick, Brett House, Andrew Hunter, Hunter, Tony Dwyer, Canaccord Genuity, Freddie Mac, Eugenio Aleman, Raymond James Organizations: Federal, Stock, Fed, Columbia Business School, Treasury, Capital Economics Locations: U.S
Several technical signals suggest that the stock market is nearing oversold territory, but that doesn't mean Wall Street is poised for a true rebound, according to Canaccord Genuity strategist Tony Dwyer. The Nasdaq Composite , S & P 500 and Dow Jones Industrial Average all closed below their 50-day moving average Tuesday. Within the S & P 500, more than 85% of stocks are below their own 50-day moving average, Dwyer said in a note to clients Wednesday. But those technical signals aren't enough to confidently buy the dip, Dwyer said. The recent rise in bond yields will put a cap on any short-term rebound, according to the strategist.
Persons: Canaccord, Tony Dwyer, Dwyer, — CNBC's Michael Bloom Organizations: Nasdaq, Dow Jones Industrial, U.S . Treasury, Treasury Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNow's the time to get ready to attack the weakness in markets, says Canacoord's Tony DwyerTony Dwyer, Canaccord Genuity chief market strategist, joins 'Squawk Box' to discuss the latest market trends, why he believes a soft landing might be the worst case, the rest of year outlook, and more.
Persons: Canacoord's Tony Dwyer Tony Dwyer, Canaccord
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCredit spreads are narrowing as the 10-year yield rises, says Canaccord Genuity's Tony DwyerTony Dwyer, chief market strategist at Canaccord Genuity, and Roger Ferguson, former president and CEO of TIAA as well as the former Federal Reserve vice chairman, join 'Squawk on the Street' to discuss the lag effects of monetary policy, Powell's upcoming Jackson Hole speech, and the possibility of a soft landing.
Persons: Canaccord Genuity's Tony Dwyer Tony Dwyer, Roger Ferguson, Jackson Organizations: Federal Reserve
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should be 'light and tight' on stocks, says Canaccord's Tony DwyerTony Dwyer, Canaccord Genuity Chief Market Strategist, joins 'Closing Bell: Overtime' to discuss markets and his takeaways from a busy earnings season.
Persons: Canaccord's Tony Dwyer Tony Dwyer, Canaccord
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYou should be looking to take advantage of weakness not betting on it, says Canaccord's Tony DwyerTony Dwyer, Canaccord Chief Market Strategist, joins 'Closing Bell Overtime' to talk the day's market action, new inflation data coming out this week, and more.
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Even obtaining cash through investments isn't as lucrative despite the gains in the S & P 500 this year, Dwyer explained. Despite the benchmark's 14% gain this year, Dwyer explained that the median stock in the NYSE is only up 3%. And 54% of the S & P 500 is trading 20% below its 52-week high. According to FactSet, consensus estimates for S & P 500 earnings per share this year are hovering just under $220, which generates an earnings yield of about 4.75%, based on current prices. The strategy doesn't mean going short when markets go negative, Dwyer explained, but rather looking to take advantage of the downside ahead.
Persons: Canaccord, Tony Dwyer, Dwyer, Melissa Lee, Lehman Organizations: NYSE, & $
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket strategies for the second half of 2023 with Canaccord's Tony DwyerTony Dwyer, Canaccord Genuity Chief Market Strategist, joins 'Fast Money' to talk reading macro indicators and his second half playbook.
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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCredit card usage will hit an unsustainable level, says Canaccord's Tony DwyerTony Dwyer, Chief Market Strategist at Canaccord Genuity, joins 'Fast Money to discuss the state of the consumer, the bond market, and upcoming retail earnings.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Canaccord Genuity's Tony Dwyer on the market's next moveTony Dwyer, Canaccord Genuity chief market strategist, joins 'Squawk on the Street' to talk recession fears, the Fed's next move, a credit crunch in the banking sector and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDramatic drop in the Fed funds rate 'should fix' money availability, says Canaccord's Tony DwyerTony Dwyer, Canaccord Genuity chief market strategist, joins 'Squawk on the Street' to talk recession fears, the Fed's next move, and the banking sector.
Following a strong December jobs report, the Dow Jones Industrial Average rose 350 points at the open on Friday morning. Stock futures were flat Tuesday night as traders weighed the latest round of earnings. Futures tied to the Dow Jones Industrial Average lost 28 points, or 0.08%, while S&P 500 futures slipped 0.07%. Still, markets have to contend with looming macroeconomic headwinds after the broader field of companies report quarterly results. In the week ahead, electric vehicle giant Tesla will report quarterly results after the closing bell on Wednesday.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCanaccord Genuity's Tony Dwyer on earnings season, recession calls, and money supply problemsTony Dwyer, Canaccord Genuity's chief market strategist, joins 'Squawk on the Street' to discuss revenue loss triggering recessions, money supply concerns, and record high debt levels.
I noted last week that following a strong first quarter (S & P up over 7%), the S & P 500 almost invariably is up even more by the end of the year. For the most part, the strategist community is fairly gloomy going into first quarter earnings season and the prospects for further gains in 2023. He too noted that the S & P 500 is now "within spitting distance" of his year-end price target of 4,200 and announced Tuesday he was shifting direction. Indeed, it looks like a race to the bottom to see who can claim the mantle of "lowest estimate on the Street" for full-year 2023 earnings. 2023 earnings: the trough is Q1 Q1: $50.63 Q2: $54.13 Q3: $56.84 Q4: $58.32 Source: Refinitiv That works out to $219.83, just a tad above the $218.09 that 2022 printed.
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