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On The Tape

BONUS: Tony Dwyer Offers A Pilot’s Perspective On “Landings”

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6757 Ratings

🗓️ 23 February 2023

⏱️ 37 minutes

🧾️ Download transcript

Summary

Tony Dwyer is the Chief Strategist at Canaccord Genuity Group. Tony talks about when it’s time to admit when you’re wrong and what to do about it when that happens (4:00). Let’s talk about rates and their impact on the markets (9:00). The soft landing scenario might be the worst scenario (16:00). What is Tony’s “Earnings Wizard” telling him and Tony’s three things investors should pay attention too (26:00). Should we really expect markets to hit new lows (32:00)? About the Show: On The Tape is a weekly podcast with CNBC Fast Money’s Guy Adami, Dan Nathan and Danny Moses. They’re offering takes on the biggest market-moving headlines of the week, trade ideas, in-depth analysis, tips and advice. Each episode, they are joined by prominent Wall Street participants to help viewers make smarter investment decisions. Bear market, bull market, recession, inflation or deflation… we’re here to help guide your portfolio into the green. Risk Reversal brings you years of experience from former Wall Street insiders trading stocks to experts in the commodity market. Check out our show notes and transcript here See what adding futures can do for you at cmegroup.com/onthetape. Shoot us an email at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod. We’re on social: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow Liz Young @LizYoungStrat on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to a bonus edition of On the Tape.

0:04.4

I am Dan Nathan.

0:05.3

I am here with a very good friend of mine, Tony Dwyer.

0:08.0

He is the chief strategist at Canacore Genuity, and he is the founder of Dwyer Strategy.com.

0:15.6

Tony, welcome back to On the Tape.

0:17.2

Dan, it's great to be here.

0:18.3

Thanks for having me, buddy.

0:19.3

Well, I'm glad we're doing this face-to-face here. You're going to be on CNBC's Fast Money with us later today, and it's interesting.

0:24.9

You know, you had a video out on Dwyer Strategy this morning. That's Dwyerstrategy.com,

0:30.4

people. And you were talking about landings from a pilot's perspective. Now, just so you know, listener, Tony flew here. He flew here from parts unknown

0:39.6

in upstate New York. You are a pilot. How long have you been a pilot for? I've been a pilot since

0:43.1

2013. Yeah, my son and I are both pilots. It's crazy, right? And I remember actually you and your son

0:48.0

flew down to the show. This was pre-pandemic. At the time, you were trying to spend more time in upstate New York. You live in a cabin in the woods

0:55.3

up there. And so what do you just, do you keep your plane like under a tarp and you just kind of

0:59.5

pull it off and you take off in the middle of night and head down to do some Wall Street stuff?

1:03.8

Thank God, Dan. There's a hangar that it gets put in. Now, we have a home up in the Adirondex and during COVID, you couldn't do anything. So we spent a lot of time up there.

1:11.1

We live in New Jersey. My wife and I, the kids have moved out, but we have a great time flying.

1:15.6

And there's so many analogies that you could make to the financial market. It's like any

1:20.6

adrenaline-based thing. You can either wing it and have it go sideways potentially or you have a

1:25.1

checklist. Like, what do you look at to make sure you have a successful flight or a successful dive?

1:31.0

Or if you're parachuting, a successful skydive?

1:34.4

There's a checklist, and that's what I do for the market, so it fit right in.

...

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