Moody's Downgrade Reignites "Sell America" Trade, Interest Rates Rise

Moody's hit the US with a Friday news dump when it cut the US sovereign credit rating to AA1 from AAA, now the third ratings agency to do so. Rising deficits and fiscal recklessness were (of course) cited as reasons for he downgrade. This has reignited the "Sell America" trade, sending long term interest rates sharply higher, stocks lower, and gold higher.Support the Channel on Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.patreon.com/NobodySpecialFinance⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Support the Channel by Buying Me a Coffee ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.buymeacoffee.com/nobodyspecial⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe to Nobody Special on YouTube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@NobodySpecialFinance⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow Nobody Special on X(twitter): ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://x.com/JG_Nuke⁠