Dow closes 270 pts lower as strong jobs report lifts September Fed rate-hike bets

Impact · against what's priced in

The approval of VantageScore by Fannie Mae and Freddie Mac introduces a structural threat to the scoring dominance of FICO, Equifax, and TransUnion. For Equifax, this undermines the growth projections the market is currently banking on, while for the others, it represents a new material risk to their pricing power.

EFX−0.70

Challenges what's priced in

The price assumes

Can the US Consumer Information Solutions segment sustain its recent hyper-growth