On February 28, investors will get the January reading of the Personal Consumption Expenditure (PCE) index. Spoiler alert: it's expected to show inflation continues to run hot. While many investors may decide to flee stocks altogether during times of inflation, there are opportunities to own stocks in sectors that profit during inflation.
I’ll get to those sectors to consider in a moment. But before I do, it’s important to understand what’s going on with inflation. The PCE number is likely to confirm the readings from last month’s Consumer Price Index (CPI) and Producer Price Index (PPI). That is, rather than moving closer to the Federal Reserve’s preferred target, inflation numbers are likely to move higher.
