- Moody’s, the credit agency, on late Friday dropped the US credit rating to Aa1 from Aaa. Moody’s largely pointed to ballooning deficits and rising interest costs. As I often say debt kills nations, companies and families.
- The stock market is reacting negatively to the drop in the US’ credit rating. The equity markets point down this morning and the long term bond yields point up.
- I give some credit this AM to those in congresss on both sides who are providing pushback to the current iteration of the budget bill that would likely send deficits higher.
- The Nasdaq is down .52% year to date. The S&P 500 is up 1.3% year to date.
Events & Webinars
May 21, 2025
1:11 pm
Our next live webinar at Becker Private Equity and Business Podcast is set for June