One last thing before I bid you all adieu and get ready to lock in for the Oracle ($ORCL) and Adobe ($ADBE) earnings calls.
Here’s a snapshot of what the market expects for tomorrow’s August CPI report:
The headline CPI figure is expected to come in at 3.4% on a year-over-year basis, matching the July figure. The core reading for August is expected to inch lower to 2.4% from 2.5% in July.
While many tend to focus on the core figure, with food and gas accounting for 20%-25% of the average paycheck, it’s hard to think consumers aren’t feeling the pinch of current gas prices or the continued rise in food prices found in the FAO Food Price Index.
Later in the day, the University of Michigan will publish its preliminary September reading for Consumer Inflation Expectations and the market sees it clocking in at 3.9%, down a tick from 4.0% in August.
With 30 years of cross-industry experience, Chris Versace brings his thematic investing lens to TheStreet Pro Portfolio (formerly Action Alerts PLUS) each day as lead portfolio manager. His daily insights, analysis, and recommendations provide the foundation for TheStreet's Pro Portfolio.
Versace began his career in equity research before founding Versace Management in 2005. He joined TheStreet team in 2011 as a Real Money contributor before becoming portfolio manager of Action Alerts PLUS in 2021. He holds an MBA from Fordham Gabelli School of Business and has co-authored a book called “Cocktail Investing - Distilling Everyday Noise into Clear Investing Signals for Better Returns.”
With a passion for teaching others about investing, Versace spent 9 years as an Assistant Professor of Finance at NJCU School of Business. When he’s not contributing to TheStreet’s premium services, he can be found speaking at industry conferences or at a Bruce Springsteen concert (he’s seen him 50 times and counting!).
