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Tom Lee dubs Moody's US credit downgrade a ‘non-event', bets on Mag 7 rally by year-end

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    Posted by Two Blokes May 20 - Filed in General - #TwoBlokesTrading  - 2 views
    US stocks took a short breather on Monday after Moody's downgraded the US sovereign credit rating from Aaa – the highest possible – to Aa1. Debt downgrades often weigh on bond prices, thereby pushing the related yields up significantly, which is exactly what the credit rating agency's announcement did on Monday.