Catalysts hosts Seana Smith and Madison Mills discuss key market developments including investing strategies, top trending tickers, and the latest developments in China's semiconductor production.

US stock market averages (^DJI, ^IXIC, ^GSPC) are in focus as two significant tests loom this week: Friday's Personal Consumption Expenditures (PCE) index data for the month of July and Nvidia's (NVDA) earnings due out Wednesday, August 28.

Principal Asset Management chief investment officer Michael Goosay joins the program to talk bond market (^TYX, ^TNX, ^FVX) investing strategies for when the Federal Reserve begins to cut interest rates, while MDB Capital president and chief market strategist Lou Basenese discusses the momentum driving a possible breakout rally for the Russell 2000 (^RUT) small-cap index.

The Catalysts team then cover several moving stocks this morning, including Bloomin' Brands (BLMN) and energy giant ExxonMobil (XOM), which has a bullish outlook on its oil production through 2050.

Finally, China's ramped-up production of legacy chips takes center stage. Yahoo Finance senior reporter Akiko Fujita breaks down why this development may be a concern for the global semiconductor space.

This post was written by Angel Smith