Stocks will break out of trouble and hit new record highs, market bull Tony Dwyer predicts

In Dwyer's Tuesday research note to investors, he indicated the Street will likely see a near-term reflex rally. However, he considers the intermediate readings more ominous.

"There has already been a sharp bounce off Monday's intraday low and the catalysts for the correction have yet to be resolved, so we would expect a bit more indigestion and begin adding risk back into the market on any further weakness as the bottoming process begins," wrote Dwyer.On additional downside, Dwyer plans to buy

TradingNation Market bear says “stocks have another. 5% to drop “. Stock bull and CNBC “stocks only go up, btfd!!”

TradingNation I bet he said it today when markets were surging following yesterday's debacle. The way markets fizzled at the close, the momentum does nor look good for US stocks!!

TradingNation Agreed

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