MegaThreats with Nouriel Roubini
RiskReversal Pod
00:00
What's Going on in the Buy Now, Pay Later Sector?
When stocks enter value stock territory like Meta is, it'll trade up on cutting announcements. If you're a gross stock and you do that, you get killed. But I think Meta has entered the time period where, okay, it's kind of basing here. That means it's in the hands now of value buyers versus growth. We've been talking about the buy now, pay later sector for more than a year. They had a $350 million ABS deal, which is getting pulled because it's pricing too wide.
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