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And if, if it's still true that if you just backed it up, even though, I mean, it's 10 days, even a week you would see, you know, still, well in the green and, and solidly outperforming the spy.Now I say the money is not really going into anything. And I kind of did wonder, um, just recently it's our, our investors feeling like, well, maybe I'll be moving to Intel because at least I know Seo Pat Gelsinger, he's building out those domestic chip facilities here in the US.All right, for more on the latest market moves.Ryan investors have been talking a lot about those pint sized companies and they're down today Ryan, but such a quick aggressive move higher.
And so what kind of risk are we seeing from that rotation and the broadening out that could be supportive of a continued rally to just be in a, a plain old sell off?So one of the things that clients have asked me today is say, have we seen the top in the markets?So I think, I think it's a good, good question to ask.
And so, um you know, I think, I think generally speaking, that's the biggest risk heading into the next 6 to 8 weeks. They had, they had accounted for a lot of the gains uh within healthcare and to the extent to which that story starts to starts to change.Obviously, healthcare hasn't been one of the great performing sectors this year.
I'd say the other thing ultimately that comes up is uh you know, there, there's a lot of talk about what's ultimately gonna happen with uh uh some of our closer trading partners like Mexico. Uh Chicago fed President Austin Goolsbee declining to say when he expects rate cuts in an interview with Yahoo Finance's Jennifer Schonberger, but he did note that keeping policy restrictive could be a risk to inflation's golden path.
Um The, the labor market is still strong, even though they say it's weakening, it's actually becoming more in equilibrium.It has for the last 2 to 3 months, but actually inflation for the last almost year has run just about on the CP I around 3% consistently.
Well, I, I can't predict recessions and I, and it's hard to know and I understand the dilemma was there uh as to whether they are leaving rates too high too long.2% is not a particularly high level. And among politicians, Thomas quick question here, you know, you saw former president Trump gave an interview to Bloomberg Business Week, Thomas and he said the fed should abstain from cutting rates before the November election.Trump says, I'm just curious how does the election if at all impact, if and when the fed cuts, I think the, the, I think the Open Market committee will be, try not to be swayed by those by political events.
And that's been an interesting story to follow considering what you've seen is sort of doomsday predictions for these types of devices in the wake of greater G LP one use and the potential therefore to not have to use them.So they saw 20% year over year growth for the quarter 1.6 billion they brought in for that.
We're watching Taiwan Semiconductor and the Taiwanese chip giant did report its second quarter earnings. But it's really interesting, Josh, that, you know, they're still seeing some selling pressure despite these positive numbers.In other words, as we were talking about earlier, you know, NVIDIA is up today, so it's not like you were this sort of wholesale selling like we saw yesterday.I mean, do you, you know, they reported they beat, they raised their projections for 2024 revenue growth.So the these sound like good headlines to your point, the stocks slipping here.
Well, Gray is known as a Democratic donor, so they're on different sides of the political spectrum and that it must be. Um They do have uh some built in artificial intelligence where, you know, the, the cameras can look at something and you can ask what it is or you can use them to translate texts that they see.It's not something like, uh you know, Star Trek style lenses or anything along those lines, but that's where meta wants to take this.
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