A stock market correction is imminent, according to Canaccord Genuity's Tony Dwyer.
But rather than shy away from equities, Dwyer notes investors can use the pullback as an opportunity to buy into the next leg higher.
"Whenever [the market] gets this optimistic as it has been, and it slips back lower, you end up in a correction," the chief market strategist told CNBC's "Futures Now" on Tuesday. He noted that the median correction is typically around 6.8 percent.
"So our call, actually, is that we're going to continue to pull back for a little bit, but the more important message is: Once we do get this pullback and as fear picks up, you want to buy into it and not sell into it."
The strategist's long-term positive view of the economy leads him to believe that while a correction is on the way in the market, the S&P 500 can then rally to 2,470 by year-end. This means that Dwyer believes the index can rally another 4 percent by the end of 2017 off the back of economic fundamentals.
The S&P is currently up 6 percent year to date and was just short of hitting 2,400 on March 1. Since then, the index has actually tumbled almost 1 percent.
CNBC
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