Stocks are on track to finish the month of August strong following a week filled with key earnings and inflation data, namely July's Personal Consumption Expenditures (PCE) price index.

Heading into the final hours of trading for the month, the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) are poised for wins for the month. As the calendar turns to September, investor attention now shifts toward a potential interest rate cut proposed by the Federal Reserve

Commerce Street Capital CEO and President Dory Wiley joins Market Domination to speak about the latest market moves and what to expect from the Fed's upcoming FOMC policy meeting.

"The economy's kind of hanging in there coming into what I expect to be a choppy fall," Wiley says, who adds that he expects "profit taking, especially for the next couple of weeks going into September 18."

"And once that Fed cuts that rate, which I think will be a positive for the market, I think you'll see a lot of institutions continue to profit take, particularly out of tech and rolling into other value-based opportunities. And then that choppiness continuing into the fall at best, unless something else happens to create a bigger downdraft," Wiley explains.

While investors reacted to Nvidia earnings (NVDA) this week with a slight sell-off, Dory has a message for retail investors “You buy it for the long term, that one you buy for the long term."

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Conor Hickey.