@BearBullTraders I would not go back tbh - i will be learning from my past trading self. I always thought that, after all the analysis, you'd still never really know where the market will go. ๐
In a strange move, #Fitch just downgraded the US sovereign #ratings from AAA to AA+, with a stable outlook.
The #rating agency's justification is set out in this statement (link below).
I am very puzzled by many aspects of this announcement, as well as by the timing.
I suspect I won't be the only one. The vast majority of economists and market analysts looking at this are likely to be equally perplexed by the reasons cited and the timing.
Overall, this announcement is much more likely to be dismissed than have a lasting disruptive impact on the US #economy and #markets.
https://t.co/5cAw4p5Cwf
#econtwitter