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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. The major indexes just broke a two day win streak. But the S&P 500 and Nasdaq hit all-time highs during Tuesday s session. Plus, the Dow is off just 0.58% from its record high. It 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. ....
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. The major indexes just broke a two day win streak. But the S&P 500 and Nasdaq hit all-time highs during Tuesday s session. Plus, the Dow is off just 0.58% from its record high. It 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. ....
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. The major indexes just broke a two day win streak. But the S&P 500 and Nasdaq hit all-time highs during Tuesday s session. Plus, the Dow is off just 0.58% from its record high. It 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. ....