Christopher Versace is the Portfolio Manager of the Thematic Growth Portfolio at Fabian Wealth Strategies, as well as the editor of both the long-only "PowerTrend Profits" investment newsletter and "PowerTrader" trading service that utilizes strategies combining stocks, ETFs and options. Versace uses a proprietary thematic investing perspective that ties in economics, demographics, psychographics, technology and more to determine investment candidates, while also sidestepping companies vulnerable to thematic change.Expand

Versace is also the host of PowerTalk, a weekly podcast that features conversations with public and private management teams, as well as other thought leaders, for the benefit of both individual and institutional investors. These conversations aim to get behind the scenes with such guests as Steve Forbes, Donald Rumsfeld and the CEOs of Smith & Wesson and Cato, among others.

Versace was previously the portfolio manager of Agile Capital Management, which combined a hedged investment mandate and a thematic investing framework. He also previously served as senior vice president, equity research at Friedman Billings Ramsey, where he covered the mobile phone industry and component technologies. Versace was also an analyst at Donaldson Lufkin Jenrette, as well as Salomon Brothers.

Versace is a contributor to and a frequent guest on "Live from The Washington Times with Andy Parks," in addition to other radio and television programs. He earned bachelor's degrees in economics and mathematics from Fairfield University before earning an MBA in finance from Fordham University.Collapse

Recommended Street Reading Real Money Pro($)

As the morning's flurry of activity starts to settle down, here are some recommended readings from my compadres at The Street: 
Seems Goldman Sachs has a note out on Nike (NKE) suggesting it may be close to a direct relationship with Amazon (AMZN) . 

A Quick Rap on Snap Real Money Pro($)

The Snap (SNAP) target price has been lowered to $19 at Aegis Capital. 

Foot Locker Shares Run Flat Real Money Pro($)

Foot Locker (FL) shares down 5% premarket. 
The biggest hit so far this week has been in the energy sector as oil prices continued their move down, officially moving into bearish territory. Crude's slide is due not only to growing supply, but also weak demand. Not to sound like a know-it-all, but supply-demand dynamics are pretty much Economics 101, and when we see ramping U.S. supply alongside a slowing domestic economy, it hasn't been hard to guess where the price of oil is headed. 

Target Hit With Downgrade Real Money Pro($)

Bang! Target (TGT) has been downgraded to Neutral from Buy at Citigroup 
Earnings reports are lite this time of year, but last night we had FedEx (FDX) and Adobe Systems (ADBE) , and this morning they are joined by an earnings beat at CarMax (KMX) . 
With roughly two-thirds of the domestic economy fueled directly or indirectly by consumer spending, I always try to feel the pulse of the consumer's ability to spend. With credit card debt exceeding $1 trillion, student loan debt totaling more than $1.4 trillion and so on, and with modest wage growth, more disposable income is going to interest payments. 
With an hour to go until we get May Existing Home Sales data, let's check in on what's brewing in Washington, D.C.  First, Gary Cohn, director of the National Economic Council, doesn't expect the White House to get a tax bill in front of Congress until September. Not much of a shocker, and as Lenore Hawkins and I have been saying on our podcast, we don't see much happening on this front until after the 2017 elections. We've already seen expectations shift from a Trump Bump to Trump Slump; now that is being reflected in GDP expectations, with the New York Fed calling for second-quarter GDP come in at 1.9% before slipping further to 1.5% in the third quarter. 

Recommended Sarge Reading Real Money Pro($)

As you attack the second half of your morning coffee or tea, and maybe contemplate that all-important second cup, be sure to read Sarge Guilfoyle's…


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