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Investors Shake off Moody’s Downgrade

MRKT Matrix

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MRKT Matrix - Monday, May 19th

  • S&P 500 is flat as investors shake off Moody's downgrade (CNBC)
  • Mortgage rates cross back over 7% after U.S. credit downgrade (CNBC)
  • Ray Dalio says the risk to U.S. Treasurys is even greater than what Moody’s is saying (CNBC)
  • BlackRock’s Rick Rieder says this is the ‘sweet spot’ in bonds right now (CNBC)
  • Morgan Stanley’s Wilson Says Buy US Stock Dips After Moody’s Cut (Bloomberg)
  • Fed Officials Signal Rates Likely to Stay on Hold Until at Least September (Bloomberg)
  • Trump Tax Bill Advances After GOP Deal for Faster Medicaid Cuts (Bloomberg)
  • Jamie Dimon’s Would-Be Successors Audition for the Top Job at JPMorgan (WSJ)
  • Nvidia announces new tech to keep it at the center of AI development (CNBC)

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