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The Week in Review
• The Federal Reserve indicated it will maintain an aggressive stance toward combating inflation. The central bank raised its policy rate by 75 basis points, the largest amount since 1994.
• It has been a volatile week. Major averages finished in the green after the Fedās rate hike, but have been up and down intraday throughout the week.
• The National Association of Home Builders/Wells Fargo Housing Market Index declined in June to hit its lowest level since June 2020. According to housing experts, the entry-level market has been hit particularly hard by rising mortgage rates and a lack of inventory.
For more economic news and how it affects your money, visit the SoFi app.
Should You Pull Your Money Out of the Stock Market?
When the stock market drops, some investors get antsy. Watching the market decline in real-time can be stressful. It may even seem like invested money is heading toward zero.
During drops in the market, it can be easy for investors to think that their hard-earned money is going up in smoke. A worried investor might think that itās better to lose a little now than to forfeit more later by sticking with the markets.
But, is it always a good idea to pull money out of the stock market when thereās a drop? Thereās no one-size-fits-all answer for investors. Hereās an overview of factors investors might think about when deciding whether to keep money in the stock market.
This Weekās Top Stories
Read the latest article from SoFiās Head of Investment Strategy to hear her take on the Fedās rate hikes, the recent volatility, and what we can do as investors.
The market is still hanging on to some āno recessionā optimism, but the likelihood of averting one has fallen. Can we light the dynamite carefully enough to blow up the problem spots without taking the whole thing down?
Read more >>
Apple (AAPL) has announced its launch of a buy now pay later program. This may be good news for shoppers, but for industry pioneers like Klarna and Affirm (AFRM), not so much.
Rising interest rates have presented serious headwinds to players in the space. Now as Apple enters the sector, the pioneers have another reason to fear for their bottom lines.
Read more >>
American shoppers could be looking at major discounts this summer. Thatās because retailers are receiving delayed shipments following well-documented supply chain issues, but demand has fallen in the meantime.
Some companies have already announced plans to slash prices, like Target (
TGT). Experts in warehousing and logistics say there are specific types of products that could offer bargains.
Read more >>
Deep Dives from SoFi Learn
For many Americans, not having enough saved up for retirement is a real fear. Which state you live in can have a major effect on how much you need, too.
Here are the average retirement savings by state.
Read more >>
Despite the Fair Housing Act of 1968 and other federal laws, a large race gap in homeownership continues to exist across the United States.
The Black homeownership rate in the fourth quarter of 2021 stood at 43%, compared with 74% for non-Hispanic whites, according to the US Census Bureau. Solving the Black-white inequity may require significant reform.
Read more >>
Buying and selling stocks based on emotions or gut reactions to temporary volatility can derail your investment plan, potentially setting you back.
Itās human nature to be concerned, or to feel panic at times. But sometimes, the best investment advice is not to give in to your feelings. Hereās what you need to know when the market is down.
Read more >>
