August 11th, 2023 It is not often one gets to use a rating agency pun for a headline two weeks in a row, but here you have it. This week it was Moody’s who made news by downgrading the U.S. regional banking sector. On Tuesday, the credit agency explicitly downgraded 10 banks while placing another…
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August 4th, 2023 Credit ratings agency Fitch stopped market bulls’ push for a fourth consecutive winning week for the Dow Jones Industrial Average. Fitch is one of the top three credit rating agencies internationally along with Moody’s and Standard and Poor’s. On Tuesday, the firm downgraded the U.S.’s credit rating from AAA to AA+. Fitch…
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July 28th, 2023 The Dow had the longest, daily winning streak record in its sights but ultimately fell just short following Wednesday’s rate announcement by the Fed. While the Dow failed to match the 14-day record set in 1897 – just a year after the index had been created with an initial 12 stocks – the…
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