These undervalued, 'inflation-proof' assets could outperform in the fourth quarter

These undervalued, 'inflation-proof' assets could outperform in the fourth quarter

Investors may be on the lookout for inflation hedges after better-than-expected consumer price data failed to keep the broader market afloat on Tuesday. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all closed lower on Tuesday despite the Labor Department's Consumer Price Index showing a lower-than-expected increase in August. The financials sector could offer some protection against a modest rise in inflation given its largely fixed operational costs, New Street Advisors Group CEO and founder Delano Saporu told CNBC's "Trading Nation" on Tuesday. His top pick in the space was JPMorgan for its "great loan book," investment banking prowess and lower-than-usual valuation as of the last several months. "This is one that's a leader in global investment banking fees with 9% of the wallet share," he said. "If …
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