RiskReversal Pod Unless You're Winning, You're Losing with SoFi's Liz Thomas
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Nov 18, 2025 Liz Thomas, a Senior Market Commentator at SoFi, dives into the latest economic trends, particularly Japan's weakening yen and its global impact. She explains the unusual volatility in a calm market and how mortgage rates affect housing affordability. The discussion highlights consumer sentiment's inflation signals and Bitcoin's surprising correlation with the Nasdaq instead of gold. Liz shares insights from her podcast with Jenny Harrington, emphasizing dividend investing. Overall, it's a riveting analysis of market relationships and investor implications.
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Relationship Problems Signal Reversion
- Relationship problems are departures from expected correlations between market variables and usually revert to the norm.
- Watch which variable must move opposite to restore balance when these anomalies appear.
Volatility Rises Without Big Market Drops
- VIX can spike even on modest market selloffs when concentrated momentum trades unwind.
- Liz Thomas links choppiness to selling in inflated names while other sectors try to support the market.
Use 10-Year, Not Fed, For Mortgage Outlook
- Remember mortgage rates track the 10-year Treasury more than Fed policy when assessing housing affordability.
- Don't expect rapid housing demand unlocks unless long yields fall for growth-related reasons.