Down the Golden Path It’s still early days in earnings season but results have continued to surprise, coming in 5.0% above consensus estimates. Now, the rate that companies have been beating expectations has been lower than the 5-year average rate of 8.6%, but better than expected is still better than expected. That sets up this…Read more
SoFi Hong Kong Blog - Headlines
Claims Wave Last week, 243,000 Americans applied for first-time unemployment benefits, the highest level since August 2023, according to the U.S. Department of Labor. As the strong U.S. labor market is beginning to cool off, the Federal Reserve will likely keep a close look on indicators like that. Total number of Americans collecting unemployment benefits…Read more
Peanut Gallery In case you missed it, small-cap stocks have staged quite the rally of late. In just over one week, the Russell 2000 rose over 10%. To put that in perspective, the small-cap index had a move so large that it accomplished in seven trading days what many investors were hoping it would for…Read more