Coronavirus spikes and political risks won't wreck the new bull market, Tony Dwyer predicts

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Market bull Tony Dwyer predicts wild market swings, but believes they're opportunities – not a major setback (via TradingNation)

"The resurgence of the virus in the southern states and the lead by Joe Biden in the polls is probably pulling forward some of that volatility that may have happened later in the year," the Canaccord Genuity chief market strategist told CNBC's "Near-term, Dwyer believes stocks are in the consolidation phase within a new bull market.when the virus began raging. According to Dwyer, the big difference now is the Federal Reserve's unprecedented policy support.

"The Fed has made it very clear they are going to continue to print money to support the credit market until they get their dual mandate of full employment and 2% core inflation," he said. "That's not going to be for a while." As for politics, Dwyer believes the market will adjust. If Biden wins the White House, he speculates the Fed will offset potential tax cut rollbacks by getting even more aggressive.

 

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TradingNation Unless you guys can convince half the country to wear masks and take this thing seriously the economy will continue the tailspin it's in. This is obvious to the untrained eye and this isn't hard to figure out.

TradingNation Stocks only go up to these clowns on CNBC

TradingNation How does this help the person trying to feed his or her family ? They don’t have excess money only the rich do which is a false market

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