Canaccord Genuity's Tony Dwyer thinks a deteriorating jobs market and easing inflation will ultimately push the Fed to act.
"I'm not saying that they have to go back to zero, but they have to be more aggressive," the firm's chief market strategist told CNBC's"" on Thursday."One of the most aggressive topics that I talk to clients about is how bad the incoming data is.""It's not that they're manipulating the data. The conspiracy theories go bananas with this stuff. It's really that they don't have a good collection mechanism.
36-year-old brought in $77,000 in passive income from Etsy in 2023—she spends ‘5-10 minutes' per day on it "Our call is to buy into the broadening theme on weakness rather than simply adding to the mega-cap weighted indices. The top 10 stocks still represent 33.7% of the total SPX market capitalization," he wrote in a recent note to clients."History shows that is historically high and doesn't last forever.""When you're this overbought and this extreme to the upside, you just want to wait for a better opportunity," Dwyer said.