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As we wind down the week, it’s time to start preparing for the next one. The calendar will once again be light, with the key events being the August CPI Report on Wednesday morning and Oracle (ORCL) and Adobe (ADBE) reporting earnings on Monday and Thursday afternoon, respectively.

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As you can see in the chart above, the Fed is widely expected to pause when it meets on Wednesday, Sept. 20. And rightly so, since inflation is rolling over. Nevertheless, investors will be closely watching the CPI for any signs that inflation is stickier than expected.

Before the CPI, on Monday afternoon, Oracle is set to report Q3 23 earnings. ORCL stock has been on fire as its move into the cloud has given the stock new life. While I was long the stock in 2022, I’m fading the move at this point.

I have the same feeling about Adobe, which is reporting earnings on Thursday afternoon. While ADBE is a great company – like ORCL – that provides web designers with the tools they need, I feel that the stock has moved too far at this point. I have fractional short positions in both names, and I may sell out-of-the-money calls into earnings next week, as well.

#earnings for the week of September 11, 2023https://t.co/lObOE0dgsr$ADBE $ORCL $CPRT $SMTC $LEN $CASY $CBRL $FCEL $EGIO $AVO $SKIL $HITI $REVG $EPM $BOWL $INNV $MYTE $MITK $FARM $BIOX $CGNT $RFIL $MTRX $BUR $IPW $IBEX $LPTH $RSSS $MAMA $IREN $EGAN pic.twitter.com/lxlye6rjhV

— Earnings Whispers (@eWhispers) September 8, 2023

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