Mar. 14 at 11:39 AM
Fintech is getting absolutely destroyed in 2026.
$SOFI down 32%.
$HOOD down 35%.
$PYPL down 23%.
$PGY down 47%.
The selloff started in January and there has been no real recovery. No dip buying, no bounce. Just a slow and steady bleed lower across the whole sector.
> Rate sensitivity, macro fear and a broader risk-off move have all hit at once.
> Fintech has no defensive cushion when sentiment turns and right now sentiment is rough.
Worth watching.
Not calling a bottom here.
Just noting that a lot of damage has been done in the first few months.
