@paulxgu $UPST
When Bank of America said the credit environment is stable,your UMI index is still said default rate to be 50% higher.
Are you check your UMI model when it is 1?it is the rate when 1.50%-1.75%
Please update your UMI index. it is a new world after COVID.
@paulxgu Last time when FED is raise rate,stock price is 100 and down to 18 when they stop raising.
Now we can see the stock price 25 go to 5.
I donβt know why all of the finance stock can growth but upstart is fall back.
$1.7B in originations for $UPST would just be absolutely insane.
I hope market realizes rate hikes would make zero sense in this environement when inflation dropping like a stone for coming months.