Michael Santoli’s “Thriller Dealer” joined CNBC’s ” Closing Bell ” on Tuesday, the place his id was revealed to be David Snyder. Snyder – whose predictions Santoli has been citing since 2009, when Santoli first launched the monetary advisor in his Barron’s column – entered the scene as a dealer in 1986. His predictions have been extra usually proper than not, particularly with reference to making calls round market bottoms and earlier than corrections. One of many causes Snyder was distinctive on the time, Santoli famous, was due to his bearishness through the all-time market peak in 2007, after which asserted in April 2009 that the market’s lows in March of that 12 months would not be contested and {that a} new cyclical bull market would have lots of runway. Since then, he is made various different proper calls. In September 2011, for instance, Snyder stated that the bear market rally was over. He additionally stated again then that the S & P 500 would most definitely revisit the Aug. 8 lows of that 12 months in late September or early October. He is made calls on particular person shares as effectively, together with Wells Fargo and Normal Electrical. The calls might be seen utilizing the #MysteryBroker hashtag on X. In his strategy, Snyder incorporates a slew of various indicators, starting from financial, historic and technical elements to valuations and sentiment. He has even cited legendary buyers equivalent to Martin Zweig and well-known market strategists like Ned Davis. Snyder is at present the managing principal and chief funding officer of Journey 1 Advisors and a chartered monetary analyst. Previous to beginning the agency two years in the past, he labored at Oppenheimer & Co. Inc., Janney Montgomery Scott and Morgan Stanley. He acquired a bachelor’s diploma in economics from Swarthmore School, after which went on to obtain a regulation diploma from Temple Regulation Faculty.
