The analysis discusses SOFI stock and revisits a prior rating downgrade from "buy" to "hold" due to an overvalued stock price in relation to macroeconomic headwinds. SOFI stock has pulled back 10% in the last 5 trading days. The presenter shares a discounted cash flow valuation revealing an intrinsic value per share of $19.16, despite a current market price of $25.12. The economy is slowing down. The valuation still looks overvalued. Trump's tariffs have created more uncertainty among bigger and smaller businesses. There is an expectation of fewer employers adding jobs and therefore people will be spending less money. The presenter emphasizes that the increase in trade barriers especially hurts lower-income customers. Personal loans are usually the first type to default. Therefore the recommendation is to HOLD.