SFY News and Press, SoFi Select 500 From 04/20/21

The CPI release last week was hot, but apparently it could be explained as "transitory," which caused the Treasury market to rally and yields to fall. CPI rose last month at an annualized 7.2% rate, and it is likely headed higher. Needless to say, if I expect inflation to rise further...

The March budget deficit came in at $660 billion, a record high for the month and 455% above the $119 billion deficit last March. Outlays were $927 billion vs. income of only $268 billion. Passing two $2 trillion stimulus packages within two months makes no sense when the U.S. economy...

Taiwan accounts for approximately 65% of the world's semiconductor production, but the worst drought in 50 years is proving to be very challenging to semiconductor production, which requires a lot of water. Another industry crisis is expected to be the lithium battery shortage. Ma...

Since U.S. Treasury bonds have fallen more than -20% in value, it looks like we might've seen a short-term bottom and an opportunity to profit in the bond market. Which sectors are performing well in the intermediate term, as well as those that are taking a breather in the short term....

We see the restart, stabilizing U.S. Treasury yields and relatively cheap valuations boosting emerging market (EM) assets after a choppy start to 2021. U.S. stocks hit record highs and 10-year Treasury yields fell to the lowest level in more than a month. Major U.S. banks reported pos...

On an unadjusted basis, new jobless claims declined by 152,833 to 612,919. Seasonally adjusted claims declined by 193,000 to 576,000 (with last week's number being adjusted upward by 25,000). Continuing claims, which historically lag initial claims by a few weeks to several months...

Expectations were very depressed the first year off the market bottom but are getting harder to beat now. Stock valuations are relatively high, but we call this a “good overbought condition” because so much of the market is participating. Chris Verrone, head of techn...

Strategas policy expert Jeannette Lowe breaks down the evolving landscape on infrastructure spending and the potential for tax changes to both the corporate sector and individual investor. Infrastructure spending has a pretty long lag time to roll out and start affecting the economy, ...

The earlier the Fed acknowledges the policy implication of higher inflation, the less damaging will be any ensuing increase in rates. There is a rump of Fed speakers scheduled today, presenting an opportunity to acknowledge this risk. There is less scope for ECB displays of optimi...

The first quarter of 2021 brought what the Asset Allocation Committee expected, and as it looks to the next six to 12 months, it faces two questions. Do we think the economy will overheat, pushing bond yields to levels that unsettle equity markets or even force central banks to stifle...