SOFI ALERT: The Hawkish Data Reality Check ๐
$SoFi Technologies (SOFI.US)$ is long term compelling, the hawkish economic reality delivered by the latest data (PPI & Retail Sale) is a fundamental headwind for the stock and the broader fintech sector.
Hawkish data, not in favor of rate cut.
In summary: The news is that the Fed wants to cut, but the economy's data doesn't seem to need it, making the December decision highly contentious.
Will the Fed come out to reassure us again?
What do you think?
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