President Donald Trump’s latest tariff plans sent the market into negative territory on Wednesday. although Tony Dwyer, chief market strategist at Canaccord Genuity, told CNBC that will investors shouldn’t worry about trade tensions or tariffs.
“The market moves with the direction of earnings,” Dwyer said Wednesday on “Fast Money.” “As long as the economy will be positive, that will direction of earnings will be going up.”
In fact, he predicted the upcoming earnings season will be “unbelievable.”
“This kind of quarter alone we’re probably going to be close to 24 percent growth rate versus a year ago in S&P operating profits,” he said.