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Need to Know: The U.S. is downgraded. How much does it matter to markets? And the surprise asset that may benefit. Need to Know August 2, 2023 View in Web Browser The U.S. is downgraded. How much does it matter to markets? And the surprise asset that may benefit. By Steve Goldstein Critical information
Fitch’s credit-rating decision stemmed from concerns about America’s ability to govern itself, along with the nation’s growing debt load.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
All the optimism has sent the S&P 500 to the brink of its sixth advance in seven months and pushed prices in the Nasdaq 100 to almost 35 times profit. Its manna for bulls — even as it leaves them with precious little wiggle room should anything in the economy or monetary policy not unfold as hoped.
(Bloomberg) -- Industrial shares are on a tear, junk-bond spreads are narrowing, quants are ramping up Treasury shorts and everyone is piling into stocks.Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27Subway Offers Free Sandwiches That Come With a Lifetime CommitmentBOJ Sends Yields Soaring With Surprise Change to Rate LimitClear Led a Flyer Carrying Ammo Under a False Name to TSA, Sparking ProbeChina’s Push to Expand BRICS Membership FaltersWhat once was a posture o