Welcome to Closing Bell, I'm Carl Katinea and for Scott Woffner, live in Post 9 of the New York Stock Exchange.

This make or break hour begins with stocks and a bit of a pullback.

Investors turn their attention to the Fed chair speech tomorrow Jackson Hole.

We're going to break down what his commentary might mean for your money.

Our panel of experts over this final stretch is still to come.

Meantime, look at the scorecard with 60 minutes to go on regulation.

Major averages are read across the board.

Yields creeping a bit higher. Ten year, right around 386. Chips are in the red.

NVIDIA, AMD Qualcomm, just a few of the laggards in today's session.

One bright spot though is Peloton shares soaring

after reporting a rise in sales

for the first time in nine quarters.

Takes us to our talk of the tape

and what tomorrow's speech from the Fed

share may bring for investors in stocks. Here to help us answer that is

Ellen Zettner of Morgan Stanley wealth management. It is great to have you Ellen

welcome back. Thanks Carl. It's good to see you again. I remember you because I went back and looked.

It was May 23rd when your team at the time wrote a piece

that said weaker prints are coming.

And you looked at core PCCE, you were looking at insurance, you were looking at insurance you were looking at

rent and all of it really has come to pass yeah it really has I think you know part of

that bottoms up approach to inflation forecasting is really what's necessary in this environment.

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