So, how is the consumer really?

Banks and the like took a hit today because of Ally’s weak forecast. They (Ally) tend to deal with a lot of customers on the lower end of credit ratings and with defaults on the rise, how will the buy-now-pay-later companies like Affirm hold up if and when the shit really does hit the fan?

I’m not an Affirm customer but I’m pretty sure you don’t have to jump through many hoops for it to work. If people are defaulting on real deal loans, what’s going to happen with these throw-away loans?

Will the Fed rate cuts be enough? And in time?? We won’t know until after the fact. In the meantime, I’m calling PUTS on ($AFRM)

Thanks gibblesmash asdf on upsplash for the pic!