Jay Woods, Chief Global Strategist at Freedom Capital Markets, joins Remy Blaire at the New York Stock Exchange to discuss the growing speculation around a potential rate cut by the Federal Reserve, fueled by comments from Chairman Powell and other Fed officials.
Jay examines Micron’s impressive earnings report, which has contributed to a bullish sentiment in the semiconductor sector. Jay highlights the ongoing competition between NVIDIA and Microsoft for the largest market cap, noting that their continued success is a positive sign for the overall market.