Why Piper Jaffray Is Cooling on Fintech

The video discusses the fintech market's outlook, highlighting strong secular growth driven by digital payments. However, macroeconomic factors like Fed rate hikes and tax cuts have led to a more cautious approach. Despite solid spending trends, a deceleration is expected due to these factors. The analysis includes company-specific insights, such as Microsoft and Visa's performance, and reviews historical consumer spending trends. The current economic environment remains positive, but growth may slow, with retail sales potentially declining while the shift to electronic payments continues.

What factors are contributing to the cautious outlook for fintech stocks in 2019?

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How did the tax cuts influence consumer spending growth in 2018?

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What are the implications of the Fed's rate hikes on consumer spending and fintech stocks?

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In what ways is the current consumer environment different from that of 2008?

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What is the expected trend for retail sales growth and its impact on payments companies?

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