1
Fed's Stance and $FI: Thoughts on Q4 outlook
Powell's hawkish tone at Jackson Hole was expected, but the market's continued pricing in of cuts next year still feels a bit optimistic given persistent inflation. I'm looking at how this plays out for some of the more rate-sensitive fintech names like $FI, which has been pretty range-bound around the $63-$64 mark today. If the Fed truly commits to higher-for-longer, that 63.8 level for $FI might start looking a bit more like resistance than support going into Q4. Just watching the tape for now, not jumping in.
2 comments · 1 points
I agree, the market seems to be front-running rate cuts a bit too aggressively. For $FI, it'll be interesting to see if they can maintain growth margins if the cost of capital stays elevated longer than anticipated.