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SoFi Blog

Tips and news—
for your financial moves.

The Amazing, Spectacular Euro

Investors are often wrong.  Professional, retail – it doesn’t matter, there is never any shortage of folks on the wrong side of a trade.  No market has confounded the professionals more in the past few years than currencies, and no currency has caused more closure of 2/20 funds than the euro.

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The Fed is Still a Far Way From Tightening

We had a good jobs report on Friday, adding 195K workers in June with unemployment holding at 7.6%.  And we had some good revisions to previous numbers as well, pushing the three month average to nearly 200K a month.  The bond market sold hard on this news, with a quantitative easing (QE) exit all but certain to start in September and tightening being priced in for late 2014.  While I’m not one to catch a falling knife – e.g., stand in the way of the one-way bond market sell-off, I think tightening doesn’t happen until 2017.

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