On the latest Market Domination Overtime:
The major indexes (^DJI,^GSPC, ^IXIC) closed lower on Thursday as investors await the September jobs report. Neil Dutta, Renaissance Macro Research head of economics, thinks the jobs report will miss the mark and that the Federal Reserve may have to do two 50 basis point cuts to end 2024.
Spruce Pine, North Carolina, is recovering after Hurricane Helene. It’s a small town that most people have probably never heard of. But it’s a big deal to the semiconductor industry because of its quartz deposits. Peter Hanbury, Bain & Company partner, and leader of operations for technology practice sheds light on the chip supply chain and Spruce Pine’s role.
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