Tony Dwyer Says There’s No Point Making S&P 500 Calls Right Now

  • Strategist suspends 2020 target citing coronavirus uncertainty
  • Says the market is likely ‘in the tail end of the panic phase’
Tony DwyerPhotographer: Christopher Goodney/Bloomberg
Lock
This article is for subscribers only.

Forecasting the stock market has become mission impossible for Tony Dwyer.

With the coronavirus outbreaking leaving uncertainty everywhere, the chief market strategist at Canaccord Genuity LLC has suspended his year-end price-target of 3,440 for the S&P 500.