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
SZL Price at posting:
70.5¢ Sentiment: None Disclosure: Not Held
