Reported 1 day ago
Investors should brace for potential negative surprises in the market after Moody's downgraded the US credit rating, citing large fiscal deficits and rising interest costs. As optimism about stock performance resurges amid US-China trade improvements, the upcoming third quarter earnings season may reveal the true impact of tariffs, which analysts expect to be more significant than in the previous quarters. Concerns about profit outlooks have been echoed by executives in recent earnings calls, signaling a possible market shift as tariff effects begin to materialize.
Source: YAHOO