If there was a theme marking the past five days of trading, after the big banks reported earnings, and as the digital lenders that populate the FinTech IPO Index showed, this was the week the platforms plummeted.
Hippo Insurance slipped 14.8%, and Opendoor gave up 12.4%. OppFi slipped 12.1%.
Though company-specific headlines might have been scarce, it may have been the case that macro concerns were enough to shake investors loose from their holdings ahead of the slew of earnings...