‘Summer of indigestion’ will produce big buying opportunities, long-term market bull Tony Dwyer predicts

cnbc2021-07-14

Investors may want to keep the antacid nearby. Long-term market bull Tony Dwyer sees near-term turbulence in connection with his “summer of indigestion” call. So, he’s encouraging investors to resist ...

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Comments

koolgal
2021-07-14
koolgal
Keep some spare cash handy to pounce on dips in the market!
- koolgal:
  ?
- AL52:
  agreed!
wenjia87
2021-07-14
wenjia87
summer is coming

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So, he’s encouraging investors to resist ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/summer-of-indigestion-is-a-major-buying-opportunity-bull-tony-dwyer.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".SPX","symbol_name":"S&P 500 Index","start_time":0,"source_url":"https://www.cnbc.com/2021/07/13/summer-of-indigestion-is-a-major-buying-opportunity-bull-tony-dwyer.html","article_id":"1178560650","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/07/13/summer-of-indigestion-is-a-major-buying-opportunity-bull-tony-dwyer.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1178560650","pubTimestamp":1626247645,"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"Investors may want to keep the antacid nearby.\nLong-term market bull Tony Dwyer sees near-term turbu","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"translate_title":"长期市场多头托尼·德怀尔预测，“消化不良之夏”将产生巨大的买入机会","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9},"content_text":"Investors may want to keep the antacid nearby.\nLong-term market bull Tony Dwyer sees near-term turbulence in connection with his “summer of indigestion” call. So, he’s encouraging investors to resist making any big moves right now.\n“We’ve had one heck of a run. It’s been an excessive run in the indices,” the Canaccord Genuity chief market strategist told CNBC’s “Trading Nation” on Tuesday. “Typically when it’s this kind of indigestion beneath the surface of the market, it eventually comes out into the indices themselves.”\nThe major indexes just broke a two day win streak. But theS&P 500andNasdaqhit all-time highs during Tuesday’s session. Plus, theDowis off just 0.58% from its record high.\nIt may be hard for some investors to swallow, but Dwyer believes a summer setback is virtually unavoidable. He points to a period of transition in monetary policy, fiscal policy, the economy and earnings.\n\"Everybody is talking about peak everything. But that's what happens at this point of an economic recovery,\" said Dwyer. \"It's what happened in 2004. It's what happened in 2010.\"\nDwyer has been sitting on the sidelines for monthsdue to the backdrop. He downgradedthe market to neutral in April.\n\"We've been in the summer of indigestionreally since the end of Marchwhen rates peaked,\" he said. \"Even though the S&P 500 and the Nasdaq are making new daily highs, the participation in them is much lower.\"\nBut Dwyer sees a significant dip as a major buying opportunity.\n“The summertime of indigestion is going to create year-end opportunities,” said Dwyer. “We look to add our exposure back into the market from a neutral position on even more of this indigestion.”\n‘You just want to wait for an opportunity’\nDwyer plans to pounce on stocks again on broad market weakness.\n“You just want to wait for an opportunity,” he noted. “Buy into those areas that are exposed to an economic recovery.”\nTops on his list:Financials,industrials,materialsandenergy.\n“They were all really seeing excessive runs to the upside,” he said. “You’ve given back all of the relative performance gain in those four sectors over the last few weeks.”\nDwyer expects more weakness during the dog days of summer. However, he expects a dip to set the stage for a strong bullish run into year end.\n“Last summer, we were very positiveon the economic recovery theme and pulled in our horns on that in mid-April,” Dwyer said. ”[Now] You don’t want to get too positive and you don’t want to get too negative.”","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":144023738,"gmtCreate":1626254992224,"gmtModify":1703756428439,"author":{"id":"3559581955535845","authorId":"3559581955535845","authorIdStr":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":6,"crmLevelSwitch":1,"idStr":"3559581955535845"},"htmlText":"Keep some spare cash handy&nbsp;to pounce on dips in the market!&nbsp;","listText":"Keep some spare cash handy&nbsp;to pounce on dips in the market!&nbsp;","text":"Keep some spare cash handy to pounce on dips in the market!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/144023738","repostId":1178560650,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5222770,"gmtCreate":1626306498900,"gmtModify":1663230981839,"authorId":3559581955535845,"author":{"id":3559581955535845,"authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"currentWearingBadge":{"badgeId":"c4ee29b388ff41cc8462b3b7ea00d1e2-1","templateUuid":"c4ee29b388ff41cc8462b3b7ea00d1e2","name":"Monthly Top Contributor","description":"Top 3 Contributors with the most and best Editor's Picks every month","bigImgUrl":"https://static.tigerbbs.com/b0cad6192443c33dca826a001250fbd4","smallImgUrl":"https://static.tigerbbs.com/5ccd98c646815ce7610b0df338e060cc","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.04.02","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2003},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.10.05","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":144023738,"type":1,"supId":5222454,"prevId":0,"content":"?","text":"?","html":"?"},{"id":5222454,"gmtCreate":1626305182118,"gmtModify":1663230979039,"authorId":4087351235415740,"author":{"id":4087351235415740,"authorId":4087351235415740,"name":"AL52","avatar":"https://static.tigerbbs.com/bccd984713e8caa3d556ac32f05dfea4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":144023738,"type":1,"supId":0,"prevId":0,"content":"agreed!","text":"agreed!","html":"agreed!"}],"langContent":"EN"},{"id":145756815,"gmtCreate":1626248890137,"gmtModify":1703756304823,"author":{"id":"4089079443452540","authorId":"4089079443452540","authorIdStr":"4089079443452540","name":"wenjia87","avatar":"https://static.tigerbbs.com/29176363b8a1d24b51cc09f4baa4d09f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4089079443452540"},"htmlText":"summer is coming","listText":"summer is coming","text":"summer is coming","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/145756815","repostId":1178560650,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":32,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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