Welcome to Markets Desk, here's what's moving right now.
Retail investors are heading for the exits at a pace not seen since the COVID crash, with Vanda Research reporting the largest net selling of single stocks by individual investors since that March two thousand twenty panic. That's a significant sentiment signal — when households sell this aggressively, it often reflects fear overtaking fundamentals, and it warrants watching closely for follow-through in broader index flows.
Turning to earnings, SoFi is getting punished despite beating expectations on the top and bottom lines. The market's reaction tells the real story — investors were rattled by management's restrained forward guidance, a reminder that in this environment, beating the quarter means nothing if you can't confidently project the next one. The stock is sliding as a result.
On the currency side, Federal Reserve Governor Kevin Warsh may be counting on dollar strength to help tame inflation, but analysts are pushing back hard on that logic. A stronger dollar does reduce import costs, but the transmission mechanism to core inflation is slower and weaker than the headline narrative suggests, leaving Warsh with fewer tailwinds than his framework implies.
That's the tape. Markets Desk, signing off the floor.
