Last of the AAA and still way too high:
S&P in 2011 (AAA to AA+) Fitch in 2023 (AAA to AA+) Moody’s in 2025 (Aaa to Aa1)
Futures down hard after close. End of the phony algo rally?
Wouldn’t be surprised if Trump lambasts Moody’s for this decision. However, it’ll just look like a teenager yelling at Equifax after maxing out their credit card.
BREAKING: Moody’s has downgraded the United States’ credit rating citing concerns over increasing U.S. government debt.
— The Kobeissi Letter (@KobeissiLetter) May 16, 2025
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