SFYF News and Press, SoFi 50 From 10/08/22

Summary Value historically has had an edge in inflationary environments, while growth is typically preferred in a recession. With the risks of persistent inflation and impending recession both at play, we believe the best course is to build both growth and value into portfolios, a...

Summary Skewness in asset returns is a perplexing phenomenon and evokes different behavior from investors. Our theory is that skewness tends to move based on investor preferences. Investors in growth stocks may be pursuing lottery-like payouts, especially when such stocks are ...

Summary The sharp declines have dramatically changed the valuation landscape. Paying too high a premium for safety could backfire if market trends shift again. We believe growth stocks’ valuations are far more attractive today than they were a year ago. Active inves...

Summary As the Fed walks the line between curbing inflation and averting recession, anxious investors are seeking to balance the two risks. The question now is how fast can inflation fall and where does it come to rest? We don’t see a quick retrenchment or a return to the o...

Summary With inflation at the highest level in decades and volatility continuing to surge, equity investors are questioning their next moves. At the beginning of the year, financial conditions were very loose by any means historically, and we've very rapidly moved from loose finan...

Summary After a brutal six months, during which the Russell 1000 Growth Index fell more than 32%, growth stocks finally found a floor in June before rebounding. September is not over and is rarely kind to investors. A slower economy is, at least on a relative basis, supportive...

Summary The main economic data release for the trading week is the US inflation report. The UK economy is in a precarious position and facing a recession. Chinese President Xi is expected to meet with Russian President Putin at the Shanghai Cooperation Organisation summit in U...

Lucid's Q2 earnings release initially led to a post-earnings sell-off, but it saw robust buying support. Therefore, we are increasingly confident of its May long-term bottom. We urge investors to look past its near-term challenges as its mid-term milestones remain on schedule. Further...

There is no faith in Palantir right now. Headline results were mixed at best. Expenses are on the rise, but cash flow is positive and the balance sheet is pristine. The pace of growth is clearly slowing, and that is a major issue for an earnings-light company. So, Pa...

Lucid cuts its production outlook a second time. The company now expects an annual production volume of only 6-7 thousand electric vehicles, despite surging reservations. Because of logistics and supply challenges, the delay in production will push revenues into the future, which ...