Massive rally marks 'frustration' phase of the recovery, Canaccord's Tony Dwyer says (via TradingNation)
In the current frustration phase, Dwyer notes market often fluctuates between two extremes: Either feels like it's going to crash or go up in a straight line.
"It's one of those frustrating times where you're not sure exactly what to do in the split between angst and Fed optimism," he said. Even though there's confusion on Wall Street, Dwyer sees hints that a more sustainable trend may be starting to form. "You're finally getting a movement into economically sensitive areas rather than a Covid-19 trade," Dwyer said. "However, you want to see something more than a day or two."
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