I agree The Market is assuming “no further rate hikes.”

IMHO- As unpopular I may be The Market is wrong. My thinking…Fed Chairman, while testifying b4 Congress last week, indicated banks would no longer have to liquidate at a loss Government Bond positions in emergency break glass situations; while )today) post two bank failures, the context is different, again in my personal opinion at the risk of damaging my popularity 😂—>

the Feds stepping in at record breaking time to backstop 2 banks and effectively preventing crisis spread, enables the Fed’s continuation of rate raising to stem appearance of inflation while not breaking banks. All this with a recent backdrop CPI reading of 6%. The Feds credibility is at stake.

GLTA,$Upstart Holdings, Inc.(UPST)$