Rising Stocks Stocks rallied last week, and the S&P 500 logged its best weekly performance of the year so far. Here’s what has the market to hot. As so often, it was more than just one thing. The Federal Reserve kept interest rates on hold as expected, labor productivity sprinkled in some optimism on the…Read more
SoFi Hong Kong Blog
Heavy Investment The call to invest in clean energy has been growing for years. It finally reached a tipping point when President Joe Biden signed the Inflation Reduction Act in 2022. This legislation helped spark billions in clean energy investment, including $110 billion for clean energy manufacturing. Despite this surge in investment, clean energy has…Read more
October 2023 Market Lookback The recent streak of strong overall US economic data was validated by the Q3 GDP release on October 26, which marked a significant acceleration from the prior quarterly pace of growth. Treasury yields reflected this, with longer-term yields in particular moving up in anticipation of the news. The S&P 500 declined…Read more