SFY News and Press, SoFi Select 500 From 05/24/21

The market focus is on the restart and inflation - and less on geopolitical risks - yet, it’s worth watching specific risks, as flareups could catch investors off guard. Inflation expectations eased on lower oil and commodity prices. We expect volatile near-term data amid pent-...

The Fed can't taper Quantitative Easing (QE) without really hurting the market. Tapering of QE will signal a shift by the Fed to tighter monetary policy. Tapering will signal the end an era of Fed ease and the onset of higher inflation and interest rates, the market’s event...

President Biden has proposed a physical infrastructure plan and a social infrastructure plan. Party leaders are talking to see if they can reach a bipartisan physical infrastructure deal. While President Biden proposed $2.25T of spending, we expect that any deal that passes will be sm...

Bitcoin has had two bear markets since mid-April. There was a 27% decline followed by a 27% rally, followed by last week’s rout. From its intraday peak in April to its intraday low last week, bitcoin fell over 53%. Is that the end of the sell-off? Doubts about the post-virus bo...

Jobless claims continue to trend lower as firms look to both hire and retain the staff they currently have. Virtually all business surveys suggest companies want to hire, but are struggling to do so. The lack of supply of workers is increasingly becoming a strain on the recovery story...

We continue to focus on four main items: the coronavirus, monetary policy, fiscal policy, and current economic data points both here and abroad to formulate our investment policy. We recommend using this weakness to add to your economically sensitive stocks while reducing holdings in ...

Government and Fed stimulus create volatility. But the business must navigate through it and replenish the shelves. Inventory management moves the markets. For further details see: The Inventory Cycle: Boring But Important Market Setter - Part 2

Last week’s inflation numbers apparently caught the Federal Reserve by surprise. Fortunately, the U.S. economy is booming. According to the Atlanta Fed, it is now growing at a 10.5% annual pace, despite last Friday’s flat retail sales report. Over 90% of the stocks i...

We see the recent inflation spike as temporary due to unique restart forces, but see inflation on the rise in the medium term. Both views keep us pro-risk. U.S. April inflation was much higher than expected. We have expected noisy inflation data over coming months amid unusual supply/...

New jobless claims declined 34,000 to 473,000. On an unadjusted basis, new jobless claims declined 26,286 to 487,436. The 4-week average of claims also declined by 28,250 to 534,000. At the peak of the pandemic lockdowns, new claims were running 6-7 million per week. Current claims re...