USA credit downgrade.

Overnight said:
So that's why futures gapped down tonight...

https://www.marketwatch.com/story/f...sion-of-governance-f714020f?mod=mw_latestnews
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No the correct wording is: So that's why futures CHOSE to gap down last night. Imo it's just another volatility-creating event for traders to make some money. That's all. I mean it's not like the first time that the US gets downgraded and if the market chooses to ignore it, it WILL ignore it but this time it chooses to react to it so we see a bit of a reaction. It's totally ridiculous if you ask me. I mean I can understand it if the US gets downgraded when the inflation was rampant and the economy was still suffering from the aftermath of covid but now? With inflation on its way down and the economy pretty much back to where it was before covid and it chooses to downgrade now? LOL

Whatever, will trade accordingly. Volatility is good, was looking for some anyway...
 
TheDawn said:
No the correct wording is: So that's why futures CHOSE to gap down last night. Imo it's just another volatility-creating event for traders to make some money. That's all. I mean it's not like the first time that the US gets downgraded and if the market chooses to ignore it, it WILL ignore it but this time it chooses to react to it so we see a bit of a reaction. It's totally ridiculous if you ask me. I mean I can understand it if the US gets downgraded when the inflation was rampant and the economy was still suffering from the aftermath of covid but now? With inflation on its way down and the economy pretty much back to where it was before covid and it chooses to downgrade now? LOL

Whatever, will trade accordingly. Volatility is good, was looking for some anyway...
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LOOKS like they were late in downgrade, same for other 2;
better late than never........................................:caution:
 
Uhhh do ya know that this Fitch downgrade brings them in to line with S&P's downgrade from ..... 2011!!!!!!!!!!

Talk about - why now?
 
SunTrader said:
Uhhh do ya know that this Fitch downgrade brings them in to line with S&P's downgrade from ..... 2011!!!!!!!!!!

Talk about - why now?
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Even more to the point, why hadn't S&P upgraded the US back to AAA since then? Especially around 2017 when the USA was ticking on all cylinders?
 
I have no doubts that this was well timed operation to be in conjunction with the Treasury selling 102 Billion dollars of Treasuries. Maybe an operation to short stocks and get those T-Bill yields up there simultaneously.
 
Overnight said:
Even more to the point, why hadn't S&P upgraded the US back to AAA since then? Especially around 2017 when the USA was ticking on all cylinders?
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Feel differently, they should have downgraded lot sooner.

Racing faster to the {debt} cemetery is not to be celebrated.
 
Sergio123 said:
I have no doubts that this was well timed operation to be in conjunction with the Treasury selling 102 Billion dollars of Treasuries. Maybe an operation to short stocks and get those T-Bill yields up there simultaneously.
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No doubts and no evidence whatsoever. What the internet is all about.
 
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