Going to keep this short.
Earnings (and FOMC) on July 29 .
Markets have mostly priced in a single rate hike before the end of year. Are they really going to start raising rates FOR THE FIRST TIME before midterms? I’m betting no. If they hike, it will have to be in July. Right now odds are 66% hold / 33% hike. Jobs #s revised downwards again. Half the jobs created coming from the govt / healthcare. This is not a strong nor healthy jobs market. The surprise to the downside (no hike) will be a tailwind for SOFI. Their earnings and growth have continued to look good. Lastly, Noto also keeps adding.
