mrspeculatorim not sure it was overcooked tbhrising inflation...

mrspeculator
im not sure it was overcooked tbh
rising inflation risk of recession (which is still very much looming) means less discretionary spending and higher lending costs for bnpl
increased regulation too happening that means uncertainty

your comment about rotation; we have three bnpl rising over 20 percent today szl zip and LBY
other bnpl going up 10-20 %
all on no news...

its like the Gamestop event after reddit posters and elon musk; almost that magnitude for little ole asx
looking at tech stocks they havent gone up nearly as much
high growth biotechs have had a bit of a run the last 6 weeks up about 30-50% but in 6 weeks

in the US they are saying its all but certain a recession is happening
in Germany they increased rates by 0.50% when analysts expected 0.25, US and ANZ are expected to keep increasing rates withrising inflation to try curb it (that will mean higher unemployement and reduced spending)


super exciting though, wow i dont hold and im happy for anyone here clawing back lisses or getting some gains