11/26/2018 Bull Tony Dwyer lists 3 reasons why now is not the time get bearish

VIDEOS TRADER BIOS COMMENTARY

Wall Street bull Tony Dwyer lists

3 reasons why it's the wrong
time to get bearish
Stephanie Landsman | @stephlandsman
Published 7 Hours Ago | Updated 5 Hours Ago

TRADING NATION

Bull Tony Dwyer lists 3 reasons why now

isn't the time to get negative on stocks
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Tony Dwyer won't Fast food stocks are soaring amid

 turn negative until 3 key market

elements break down  
5:34 PM ET Wed, 21 Nov 2018 | 01:23
volatility, here's one to buy and one to
sell
As volatility rocks the market, one group of
stocks is sizzling — fast food. 

Retail stocks just broke a historic losing

Even if the market sell-off worsens, one of Wall Street's biggest bulls
streak
says now is not the time to turn negative. Retail stocks jumped on Wednesday after
posting eight straight days of losses, the group's
Canaccord Genuity's Tony Dwyer considers it his most important longest losing streak on record. Now, one
strategist is calling for bigger gains to come.
investment advice in this wild market.

Goldman having its worst month since

"I've been one of the biggest bulls during throughout this entire
2012, and technician says it'll get worse
cycle," he said last week on CNBC's "Trading Nation," "I'm going to Scandal-plagued Goldman Sachs has sunk deep
remain that way until you invert the yield curve, shut down credit into a bear market. One technical analyst says it
could get worse.
and the Fed takes us into recession. We are still just not there yet."

Yet, he did see trouble ahead earlier this year. Dwyer began warning
investors in July that market conditions were pointing to a MORE FROM TRADING NATION
correction. It's a prediction he intensified this fall as the market was
Amid the market volatility, two groups of stocks may
surging to all-time highs. survive the wild swings
Dow plunges more than 500 points, erases gain for
By early October, Dwyer saw signs the rally was cracking, and he 2018
became one of the Street's first strategists to warn investors that a Market sell-off laying groundwork for 'tremendous
opportunities,' Prudential Financial predicts
correction was underway. Apple is having its worst month since the financial
crisis, but the long-term trend appears intact
"Corrections happen when there's excessive optimism and low Facebook, Netflix and Alphabet charts are now in death
volatility," he said 
MARKETS

Oct. 4 on CNBC's "Fast Money." "Bullish
BUSINESS NEWS Dow plunges

crosses, which could signal more selling
about
CNBC TV

400 points as Apple, Amazon MENU
and
newsletter writers again have been over 60 percent. That's just too
Facebook fall
much. There's too many people that are saying pro-U.S." As Facebook shares plunge, one expert calls it a top
pick, another calls it a crisis
Those comments were made on a day when the S&P 500 closed at Facebook is on track to post its longest losing streak
ever, and some say there's more pain ahead
2,901.61. Since then, the index has dropped 9.7 percent. The S&P 
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11/26/2018 Bull Tony Dwyer lists 3 reasons why now is not the time get bearish

is now down 1.54 percent this year and more than 10 percent from Trade talks could bring market relief, but Stephen Roach
says don't expect resolution soon
its intraday record high hit on Sept. 21.
Homebuilder stocks are getting crushed, but one
analyst says the chart looks so bad — it's good
"This has been one of the nastiest corrections that we've seen just in
terms of how sharp the decline has been," he said. "We're in the
VIDEOS ›
process of retesting those lows."
Black Friday got off to a strong start
His S&P year-end target was 3,200 until Oct. 26, when he this year—here's what three experts
downgraded it to a range of 2,900 to 2,950. Now, he believes the  are saying about retail stocks  
Chris Horvers, JP Morgan, Jan Kniffen, J.
index will hit 3,200 early next year. That's still roughly a 20 percent Rodgers Kniffen WWE, and Stacy Widlitz, SW
leap from current levels. Retail Advisors, discuss a strong Black Friday
and how the retailers look heading into next
year.
However, that doesn't mean there won't be any more setbacks.
Wall Street bull Tony Dwyer won't
"I'm not saying that every tick from here is going to be higher," turn negative until 3 key elements
Dwyer said, adding that historical trends indicate investors should  break down  
be able to recapture their losses relatively quickly. Canaccord Genuity's Tony Dwyer: “I’ve been one
of the biggest bulls....And, I’m going to remain
that way.”
Are you optimistic stocks will rebound next year?
One of Wall Street’s biggest bulls:
Yes Stick with stocks  
No
 Canaccord Genuity’s Tony Dwyer believes the
stock market will rebound.

Undecided

VOTE Vote to see results

TRADER BIOS ›

Stacey Gilbert
Stacey Gilbert is the head of derivative strategy
at Susquehanna.

Lawrence McDonald
Managing Director, ACG Analytics

Rich Ross
Managing Director, Head of Technical Analysis,
Evercore ISI
One of Wall Street’s biggest bulls:
 Stick with stocks  
5 Hours Ago | 06:00
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