Demoted Inflation data has been demoted to second-most important economic data, having been recently surpassed by jobs data. We can not only hear this in the commentary around markets, but also in the market reactions of late. The one-day reactions in the S&P 500 have become more muted for inflation releases and more pronounced for…Read more
SoFi Hong Kong Blog
Lower Guidance As the world’s largest home improvement supplier, Home Depot (HD) has real insight into how Americans are feeling about spending money. That’s why economists were concerned when the company lowered its sales guidance for the rest of the year. During the company’s latest earnings call, executives noted that while the company’s long-term fundamentals…Read more
Achieving the American Dream, for many, comes down to three things: owning a home, landing a good job, and doing well financially. But it has become harder to tick all of these three boxes. And that has exacerbated the wealth gap in America. Bigger Barriers The barriers to entry in America’s housing market have grown…Read more