Love it or hate it: buy-now-pay-later is here to stay
Transformative or troubling? Buy-now-pay-later (BNPL) products are a type of short-term loan offered at point of purchase, with little in the way of checks, fees or interest.
IGTV’s Angeline Ong caught up with Tematica Research’s CIO, Chris Versace, to find out why he thinks BNPL is here to stay, especially in a time when the ‘stretched consumer’ narrative is likely to continue.
(AI Video Summary)
Discussing rate cuts
Tematica Research's CIO, Chris Versace, discusses the potential impact of the forthcoming April core PCE data on Fed rate cuts during a light data week. Highlighting recent robust US economic indicators like May PMIs, he suggests strong consumer spending trends, especially at value-centric retailers like Costco, as opposed to discretionary spending. Versace also addresses rate cuts by ECB and the Bank of England potentially strengthening the US dollar and influencing equity flows into the eurozone.
Buy-now-pay-later services
Additionally, he examines trends in retail, specifically the rise of buy-now-pay-later services, suggesting these could be of interest to investors given the current consumer spending behaviors.
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