SFY News and Press, SoFi Select 500 From 03/12/21

Despite the pandemic and the resulting lockdowns, business closures and, at its worst point, the loss of more than 20 million jobs, the US household balance sheet improved massively through 2020. US household net worth increased $12.6 trillion last year as unprecedented fiscal and mon...

Senate Republicans are pushing for a number of changes, but ultimately a $1.9 trillion stimulus bill looks likely to pass. We expect two quarters of blockbuster economic growth as pent-up consumer demand is unleashed. An infrastructure/climate bill will be more challenging for the...

Texas Governor Greg Abbott lifting the mask mandate on Tuesday is good news and will help to stimulate new job growth in the upcoming months. Mississippi Governor Tate Reeves announced similar moves. The other exciting thing that briefly boosted financial markets early last week was t...

A year and a pandemic after the U.S.-China Phase 1 trade deal was signed, the trailing 12-month average of the combined value of goods traded between them is back to its November 2019 level. The pandemic has cost the U.S. and China the equivalent of 9 and a half months' worth of lost ...

VanEck CEO Jan van Eck's latest investment outlook explores the recent bitcoin rally and the underlying trends supporting it. He discusses what economic growth looks like in 2021 after the worst year for the economy since World War II. He also discusses the impact of higher intere...

NBC recently reported that payroll employment "surged" in February. Specifically, total nonfarm payrolls (seasonally adjusted) grew 379,000 month over month, which was above the expected increase of 210,000. A closer look suggests jobs growth is quite a bit more sedate than the media ...

Computers are programmed to spot words, phrases and chart patterns on the market and certain data on the economy or a specific industry. These phrases, words, etc. based on the program will trigger the computer to sell or buy stocks or a basket of stocks. The idea that higher interest...

The Federal Reserve publishes a quarterly update tracking how stretched American households were in paying their monthly bills. Two of the metrics in that quarterly update are debt service payments and financial obligations, respectively, as percents of household disposable income. ...

Q4 2020 earnings reports are nearing an end, with nearly 80% of companies reporting earnings above analyst estimates, exceeding the long-term average of 65%. Expectations for the next two quarters show earnings growth accelerating, with the Q2 2021 estimate currently indicating growth...

Median new home prices in the U.S. have decoupled from median household income. Since May 2020, new home prices have risen sharply, while median household income has largely stagnated. That combination of factors means that the typical new home built in the U.S. has become relativ...