SFY News and Press, SoFi Select 500 From 06/15/21

The Labor Department reported that the CPI rose 0.6% in May, bringing the total rise in the past 12 months to 5%. Does the FOMC still think that inflation is just “transitory?” - and will they begin to change their current accommodative policy? The Fed is in the proc...

BlackRock’s senior executives and portfolio managers discussed what lies beyond the restart - and investment implications - at our semi-annual forum. U.S. consumer price index (CPI) jumped in May and key drivers appear related to activity restart. Stocks rallied to record highs...

One indication of the market power of pundit soundbites is the weekly sample survey conducted by AAII. They ask their weekly sample if they have a bullish, bearish, or neutral market performance outlook over the next six months, and most of the time, their views represent those of the lou...

Strategas Chief Economist Don Rissmiller discusses the macro environment, hitting on recent inflation data, the weaker-than-expected jobs recovery, and where monetary policy goes from here. So far, the Fed has consistently stated they’re likely to view this data as transitory a...

Investors are exceedingly exuberant about markets once again, with numerous analysts suggesting nothing but “blue skies” ahead. We set our expectations for a 5-10% correction between mid-June and July. With that window approaching and signals very close to triggering &#x...

Much of last week’s economic focus was on the inflation report. Inflation was indeed pretty hot year over year, but that wasn’t unexpected. With CPI printing at 5% year over year, bond yields fell. But these are small moves, and the trend for rates is still up for now. ...

The wind-down of the Fed’s $13.8 billion portfolio of corporate bond holdings and ETFs should have a limited effect on the market, as the purchases did not last for long or amount to that much. We think that spreads could widen slightly, but the market will not have that much d...

We expect the European Central Bank to maintain its current pace of asset purchases even though the economic restart is gaining momentum. U.S. nonfarm payrolls growth picked up in May. We caution against extrapolating too much from erratic near-term data amid a powerful restart. U...

The VIX has hurtled lower, to just over 15, and at this rate, it will soon be in the low teens. The same is the case for the MOVE index for fixed-income volatility, which is also now clearly driving lower, hitting a 13-month low of 53.4 in May. I suspect vol selling will remain lu...

This has been a run in stocks from the March lows, all while without even really experiencing the usually recession beforehand. That run has been coupled with record revisions of earning forecasts, setting us up for what would seem to be an inevitable fall. However, markets can trend ...