The stock market correction is here, strategist says
from Financial Post
The correction many have been waiting for appears to have arrived, according to Tony Dwyer, U.S. portfolio strategist at Canaccord Genuity. He believes in order for this meaningful equity market pullback to last more than a day, there must be a fear of fundamental change. And Mr. Dwyer thinks enough ammunition is being provided by weak Chinese manufacturing data, more tapering from the Federal Reserve at its upcoming meeting, and U.S. Treasury Secretary Jack Lew renewing debt ceiling fears.
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