For some reason retail loves SPACs that lose tons of money. While I am not a perma bear, I’m more bullish then anything, a recession is upon the horizon with the yield curve deeply inverted. Who knows when it will occur, could be years away but when it does people will default on their loans as usual and SOFI will likely take a big hit.
The street seems to agree as it’s in a powerful downtrend and barely retested it’s initial offering price of $10.
The street seems to agree as it’s in a powerful downtrend and barely retested it’s initial offering price of $10.