Playing Market Rotation, Small Caps' Big Rally, Double Whammy For Chips 7/17/24

Carl Quintanilla, Jim Cramer and David Faber explored what investors should make of the market rotation that has fueled a rally in small caps: The Russell 2000 up double-digits month-to-date. The anchors also discussed the chip sector tumbling in Wednesday's session -- and where the White House, China and former President Trump fit into the picture. Also in focus: Johnson and Johnson leads the earnings parade, Fed Governor Waller on rate cuts, reports of new layoffs at Warner Bros. Discovery, Roche’s obesity drug trial weighs on shares of Eli Lilly and Novo Nordisk. Squawk on the Street Disclaimer