Well, Well, Well, Q3 earnings were delivered and it was devestating for anyone who is bearish on $SOFI. Revenue grew 44%. GAAP net income grew 73%. Another 1.2 million members joined in a single quarter. And management’s initial 2027 outlook calls for $0.90 in adjusted EPS. When I look through this report, I see a business getting bigger, more profitable and more involved in its members everyday financial lives. Here’s what stood out to me: • Adjusted net revenue reached $1.37 billion up 44% YoY. Growing at that pace with this much revenue already coming through the business is impressive. • Adjusted EBITDA hit $470 million up 70%, with a 34% margin. Earnings are growing considerably faster than revenue. That’s what I want to see as SoFi gains scale. • GAAP net income reached $241 million up 73%, with $0.18 in diluted EPS. This was SoFi’s 12th consecutive profitable quarter. We now have three straight years of quarterly profitability. • Members reached 17.1 million up 35%. SoFi added a record 1.2 million members during the quarter. That gives the company a much larger audience for everything else it offers. • Products reached 26.7 million, up 44% and 51% of new products were opened by existing members. That last number deserves attention. More than half of new product activity came from people already inside SoFi’s ecosystem choosing to do more with the company. • Fee-based revenue reached $571 million up 21% from the previous quarter. That represented approximately 42% of adjusted net revenue. Fees give SoFi additional ways to earn money beyond collecting interest on loans. • Deposits increased $5.8 billion during the quarter to $51.3 billion. SoFi estimates its deposit funding advantage over warehouse facilities translates into roughly $745 million in annualized interest expense savings. The bank charter continues to have a very real financial benefit. • Financial Services revenue grew 25% to $525 million. Interchange revenue increased 77% and brokerage fee revenue increased 47%. Members are doing more than opening accounts. • Loan originations reached a record $16.9 billion. That included $3.8 billion originated through the Loan Platform Business, which contributed approximately $153 million to consolidated adjusted net revenue. • The outlook moved higher. SoFi now expects approximately $5.04 billion in adjusted net revenue, $1.66 billion in adjusted EBITDA, and $0.61 in adjusted EPS for 2026. Then look at what management expects for 2027: → $6.4 billion in adjusted net revenue → $2.24 billion in adjusted EBITDA → $1.28 billion in adjusted net income → $0.90 in adjusted EPS That implies approximately 27% revenue growth and 48% adjusted EPS growth over the updated 2026 outlook. Those are expectations that still need to be delivered, but they give investors something substantial to evaluate. I’m also watching SoFiUSD. SOFI says it has gone live with stablecoin settlement on Mastercard’s network and begun migrating its card program, with expected annualized settlement volume exceeding $25 billion. What keeps me bullish is how these pieces fit together. More members bring more deposits and more opportunities to sell additional products. Existing members are choosing more services. Profits are growing faster than revenue. @anthonynoto and the team are giving investors increasingly tangible results to judge this business on. This quarter strengthens my confidence in what SoFi is building.

I keep coming back to this chart when I hear people arguing that the @federalreserve should raise rates again in 2026. This is the U.S. unemployment rate going back to 1948. The shaded areas are recessions. Look at what has often happened when unemployment rises roughly a full percentage point from its earlier low. By the time we get there, a recession is already underway. In 2001 unemployment reached 4.9%, up from 3.8% the year before. We were already in a recession. In May 2008 it reached 5.4% up from 4.4% a year earlier. That recession had already started, too. The concern is how quickly things can get worse once businesses pull back. Today, unemployment is 4.2%. We’re above the 3.4% low from 2023 but below the 4.4% rate from a year ago. So I’m not looking at this chart and declaring that a recession is here or that unemployment is suddenly taking off. But I also don’t see a labor market that needs more pressure. We added just 29,000 payroll jobs in September. July and August were revised down by a combined 60,000. Over the 12 months before September, job growth averaged only 45,000 a month. How much weaker does hiring need to get before we become concerned about another rate hike? Think about what happens inside a business when borrowing costs rise and customers start spending less. Maybe you were going to open another location. Maybe you needed two more employees. Now the financing costs more, sales aren’t where you expected and you decide to wait. You leave a position open when someone quits. You cut overtime. If things get worse you start considering layoffs. Those decisions affect real people who still have a mortgage, groceries and bills to pay. I understand that inflation is still a problem. People feel it every time they go shopping and the Fed has a responsibility to address it but it also has a responsibility to consider employment. Raising rates further has consequences especially when hiring is already this slow. The Fed raised rates in September. My preference would be to hold steady for the rest of 2026 and give that decision time to work while we watch the incoming data. This chart doesn’t tell us exactly what happens next but It does show why waiting until unemployment looks terrible is a dangerous approach. By then businesses have already made the cuts and families have already lost the income. U.S. Unemployment Rate (since 1948): 4.20% (Sep 2026). Data: FRED (UNRATE). Chart:

How is it week 7 already for the @NFL? What is everyone's best picks/parlays? I need some ideas. I just placed an 8-leg and a 9-leg. I am waiting an hour before making all of the regular bets. I am leaning towards taking the following games at 1pm: 49ers -2.5 Vikings Moneyline Jets Moneyline @TJTheWheelDeal @mhoLLLis I need some ideas