Yep but I think in a recession APT would fall due to its high beta (and g) but more importantly due to fundamental reasons I mentioned earlier, less money to be spent on shopping across the board and higher default rates.
I'm not saying this because I think a recession is coming, but I'm giving a different view point to those who think Afterpay will do well in a recession. Seems more like wishful thinking than reality imo. Economics don't match up.
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