Downgrade party
S&P is joining Moody’s in downgrading US banks.
The reasons they shared are negative impacts of higher interest rates and decline in deposits.
Futures are down right now. Let’s see how much impact this news has on the banking industry when the market opens again.
From YouTube
$Bank of America(BAC.US$ $Morgan Stanley(MS.US$ $JPMorgan(JPM.US$ $Financial Select Sector SPDR Fund(XLF.US$ $Invesco Kbw Regional Banking Etf(KBWR.US$ $Citigroup(C.US$ $Wells Fargo & Co(WFC.US$ $Direxion Daily Regional Banks Bull 3X Shares ETF(DPST.US$ $Banks - Regional(BK2456.US$ $KeyCorp(KEY.US$ $UMB Financial(UMBF.US$
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Successful investing is about managing risk, not avoiding it. DYODD
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Shuseido : can share the link of the news?
Seraphicall : Mind sharing the link??
Cow Moo-neyOP Shuseido: Sorry for the late reply
Bloomberg - Are you a robot?
Cow Moo-neyOP Seraphicall: See link above. Not sure why it gets changed into that title. But you can click on it. It will lead you to the article
Seraphicall Cow Moo-neyOP: Bad again 🫣
Shuseido Cow Moo-neyOP: Thanks.
Seem no impact? Market is flying.. hahaha
Cow Moo-neyOP Shuseido: Ikr haha I was looking at the banking sector and they don’t seem to be impacted (yet). The power of a bull market