VIDEO: Tariffs, Oil Spikes and Big Tech Earnings: Markets Brace for Monday

Avatar photo Chris Versace on July 24, 2026

oil, markets

Chris Versace joins Julie Gillespie at TipRanks to discuss the fall in chip stocks despite Intel’s ($INTC) blowout quarter, Brent crude breaking $100 for the first time since May after strikes on Saudi oil tankers, and the White House rolling out new tariffs on 60 countries — all heading into next week’s Fed meeting and Big Tech earnings from Microsoft ($MSFT), Amazon ($AMZN) and Meta ($META).

We break down what’s driving the selloff, whether the oil spike will affect inflation, and what to watch over the weekend and early next week.

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At the time of publication, TheStreet Pro Portfolio was long AMZN, META and MSFT.

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Posted by Chris Versace

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!).

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