Whether it was Moody’s debt downgrade, Trump’s insane rants, or his picking a fight with corporates such WMT and AAPL, this was not a great weekend for the US. Any way you look at it, America was downgraded and markets are hinting at a “sell America” bias.
Futures are off sharply with the 10Y back above 4.50% and the 30Y back above 5.0%.
continued for members…
It’s always a bad sign when interest rates are higher…
…but the DXY, oil and gas are all lower.
