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Despite Interest Rate Hikes, Canaccord's Tony Dwyer Predicts a Sharp Market Bounce

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“We are going to get an oversold bounce. Sentiment and my tactical indicators are about as bad as they get,” Canaccord Genuity’s Tony Dwyer says.

Even though he's not in the recession camp right now, he predicts aggressive Federal Reserve tightening paired with a decelerating economy this fall will

contribute to fresh market swings.Dwyer warned investors the"Fed is in a box." He still calls it a problem, especially as money availability dwindles and inflation persists.

 

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