"Urgent Rate Cuts Needed as Jobs Market Weakens, Strategists Warn of Imminent Recession"

Canaccord Genuity's chief market strategist, Tony Dwyer, believes that the Federal Reserve needs to be more aggressive with rate cuts due to a weakening jobs market and easing inflation. Dwyer points to falling employment survey participation rates skewing jobs report data and expects the Fed to act in response. He anticipates rate cuts to benefit financials, consumer discretionary, industrials, and health care stocks, leading to a more even market performance by the end of the year.