In less than a month UPST has climbed ~50%. Unfortunately (?) I didn't have any courage of conviction about my opinion that the negativity was overdone last month and I didn't add any more UPST around it's low in the $12 range, but at least I didn't sell any. :)

Here's an article in the NY Times today about continuing moderation of inflation: nytimes.com - Inflation turning point

"
Signs that inflation is genuinely turning a corner have begun to accumulate...

The deceleration is true even after volatile food and fuel are stripped out: So-called core consumer prices have climbed 0.3 percent or less for each of the past three months. That's faster than the 0.2 percent month-to-month changes that were typical before the pandemic but much slower than the 0.9 percent peak in April 2021...

For now, the staggering uncertainty has prompted Fed officials to come out in favor of further slowing ' but not stopping ' their interest rate increases at their Jan. 31-Feb. 1 meeting. Officials pulled back from their previous three-quarter-point increases to a half-point move in December, and many support raising rates this time by just a quarter-point.
"

Upstart gets hit by a double-whammy when interest rates are rising: debt they are holding on their books drops in value, and fewer borrowers can afford to take out new loans at the higher rates. If interest rates are peaking, that is great news for Upstart. Shorter term interest rates, like they deal in, have been level the last month. If we do just get a 1/4 point increase from the fed next week, then I don't anticipate that to have much if any effect on rates offered by banks.