AFRM 🚀 Just want to share some brand new thoughts to whoever interested. Take a look at high yield spread. It is tightening/narrowing recent days, which hints yields cuts direction is intact NO MATTER WHO wins election. Market will find out this hints IMO.
AFRM 🚀 Big jump on Initial Claims 243K, Exp. 230K, Last 223K, makes ZERO chance to delay rate cuts. Market doesn’t change views on yields cuts at all. Huge tailwind for lenders as Afrm.
AFRM 🚀 US10y being like drop dead, breaking the up trend already. No reverse for yields even after today’s PPI data. Yields give PPI a damn sh*t. It’s a confirmed top of yields. Huge tailwind for Afrm to get attraction.