) are working to put this volatile August behind them in the final trading hour of the final trading day of the month. Market Domination hostsinterview top Wall Street experts and economists as markets react to July's Personal Consumption Expenditures price index that was released this morning.. In recent economic data and the July PCE print, Faucher says the US is"seeing continued economic growth in the summer of 2024, but growth is slowing and that's a good thing.
I do want to pull up the six month chart though because one thing that is going to be interesting to watch as we head into the close.But if we can continue to just eat out a little bit more to the upside here as we head into the, it'll be the fourth straight month of gains for the S and P 500.If you're along the market, seasonals are top of mind, but kind of right now, man, kind of a sense of general calm right here.I mean, August was a rough month, a lot of news.
Now, with the 8, 18, 818,000 job claim adjustment, I think that since this rate cut question is how much mark has been screaming 50 basis points.I think there were some people screaming for the FED foot. I'm curious too how you thinking about uh seasonality, you know, you're heading into September here, historically Dory.Yeah, you already see institutional investors rotating a lot more to cash, family offices very heavy in cash right now.But I uh with that, I think it creates some trading opportunities and I'm more of a by hope guy, but uh I think I'm gonna spend some time maybe trading in the fall and then looking for downdrafts to establish long term value.
Uh, but it's, the market's not Democrat or Republican, the market just doesn't like uncertainty and you got to position your portfolio for uncertain certainty to do.Well, speaking of uncertainty, one thing we don't know at the moment is what that jobs report is gonna say on September 6th Dory. So we're watching shares of Intel shares spiking after a tough month report saying the struggling chip giant is exploring options including a split of the company and scrapping factory projects.
It's kind of chip core chip business, the ID M business and then you look at the foundry business, I I think each and of those, each of those projects in and of itself are just a big, big task to handle. And I know Pat feels very strongly about the importance of kind of the foundry business as it relates to kind of national security.So, you know, I hard to say what, what the probability is.Um but I think internally if you're intel, you're probably struggling with that decision.
So, so given that it's been disappointing, John, I, I'm curious how much time you, you think he has left to really make this turnaround plan, this turnaround strategy of his work.And I think at this point in time, I think more and more investors are concerned about whether that's the right guy. And that's because they don't really have a seat at the head of the table when it comes to the Chips race right now.
Uh thi this week, you know, and Lydia's reporting guy was solid, maybe obviously it was investors expecting more. And if you're a customer of theirs and you're under a lot of pressure such as a Microsoft Aws Google to show RO I um you can't not move to blackwall because the RO I of the performance improvement, that chip is so massive.
They say that um layoffs at least according to one source who spoke to the journal, those layoffs are likely to start now but continue through the fall as part of that annual culling process. They mentioned one of the strongest turnarounds in history as I just said the balance sheet, they really like it.How long are we going to continue to see the stock moving to the upside off of that story?I wonder how rate cuts impact that just across the board to what extent analysts are going to be rewarding names for having no debt when the cost of money goes down.
So what factor for this story called the interest rate cut coming up here, a positive housing cycle inflection that sets the company up for a period of growth. We're now over half of the category is folks looking for a healthier breakfast, meal replacement option.We see a range of innovation coming over the next 3 to 5 years.So as you can see me, Beller has been supply constrained on and off for the past couple of years.They're growing distribution 20% revenue is also at mid to high teens.
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