SoFi stock falls after Warsh speech on rate expectations
SoFi stock was hit after Warsh's speech, as investors tied the company to a world where the cost of capital stays high, and the stock dropped 5% on the day. Multiple sources noted the decline was driven by shifting rate expectations.
Detected & updated continuously · Source: Nebula
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Sources
@gabz_investing
$SOFI : A Direct Victim of the Rate Story SoFi is one of the names that feels the shift in rate expectations almost instantly. The stock got hit after Warsh's speech, because investors tie it to a world where the cost of capital stays high. https://t.co/mzWH4F37Uy
@DebtOk4461
Why did SOFI drop 5% today???