Is the Party Over for the Big Tech Trade? And What Rising Delinquencies Mean for “Buy Now, Pay Later”

Markets pulling back ahead of the Fed’s decision tomorrow, with Microsoft dropping more than 3% and Amazon in a correction. Does today’s action mean it’s time to put a fork in big tech’s outperformance? Plus one analyst sounding the alarm on fintech firms, saying that, with rising delinquencies, the “pay later” part of the equation is becoming more like “pay maybe”.