Time to be “aggressive buyers” of stocks again

Markets were mixed on Wednesday.

The S&P 500 fell 0.2 percent but the STOXX Europe 600 rose 0.1 percent and the Nikkei 225 rose 0.1 percent.

While the S&P 500 snapped a five-day winning streak, Tony Dwyer, analyst at Canaccord Genuity, thinks it is time for investors to become “aggressive buyers” once again.

“Investors suffered through the third ‘recession’ scare this cycle, and while all three major corrections have been larger than anticipated, absent an inversion of the yield curve that shuts down credit, the market pessimism following a non-recession crash should set the stage for new highs in 2019,” wrote Dwyer in a Tuesday note.