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AFRMBEARISHFLIPPEDCNBC FAST MONEY · BULLISH IN JUNE → BEARISH IN AUGUST

Affirm's success hints at consumer stress

The bearish case argued on Affirm: its success in buy-now-pay-later signals underlying consumer weakness and a loan book that has never been stress-tested.

CNBC FAST MONEY CHANGED ITS VIEW

BULLISH FOR 2 MONTHS, THEN THE TURN
THEN24 JUN · BULLISHAffirm Holdings was highlighted as a favorable long pick following a strong rally to its highest share price since January.NOW28 AUG · BEARISHThe bearish case argued on Affirm: its success in buy-now-pay-later signals underlying consumer weakness and a loan book that has never been stress-tested.

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