SoFi Blog

As the year draws to a close, it’s a great time to reflect on your finances—especially if you’re a recent grad who’s newly employed. You’re likely bringing home a significant paycheck for the first time in your life, but also have big-time monthly bills to pay, including student loans. Without proper planning, that debt can easily drag you down.

So how can you balance paying your bills, eliminating your debt, and saving for your future while still allowing yourself a few bucks for fun?

Start achieving your 2017-and-beyond financial goals by asking yourself these key questions:

Recently released data continues to show a world economy gaining momentum. While the U.S. jobs report was mixed, business survey data from the U.S. and elsewhere showed continued and accelerating expansion. The recent rise in bond yields moderated this week as market attention focused on a slate of events including the Italian referendum and upcoming meetings of the European Central Bank (ECB) and Federal Reserve.

The Trump theme discussed in our last commentary continues to drive markets. The promise of infrastructure spending and tax cuts have driven Treasury yields higher and strengthened the dollar almost relentlessly since the election three weeks ago.

So-called “animal spirits” and self-fulfilling expectations can often move markets. However, this rally has been accompanied by solid economic data that supports the narrative of faster growth and inflation. With the risks of a post-election panic diminished, we have reduced fixed income duration in our portfolios in order to avoid capital losses from rising real interest rates.

An unexpected Trump victory in the presidential election introduced a level of volatility not seen since Brexit. The initial selling of US equities in the futures market was quickly reversed but emerging market assets remained depressed as the market tried to guess what Trump trade policies might be.

Equity markets continued to fall last week. The S&P 500 matched its longest losing streak since 1980 with 9 straight losing days as polls indicated a tightening race for president. The search for safety from political uncertainty resulted in rising Treasury prices (and falling yields) throughout the week. While the price action has been painful over the last couple weeks, the economy continues to look good and we still expect a December rate hike from the Federal Reserve.