Here is a different view: they believed that compromise on debt ceiling would happen, averting a downgrade. They knew downgrade was possible, but now it is certainty so they may further sell.
I don’t think that is much different from what I said. There will be a sell off at the start. Different investors have different expectations. The ones who are surprised will sell. The ones who are not will not. As soon as those who are surprised are done selling, the market will bottom.
Here is a different view: they believed that compromise on debt ceiling would happen, averting a downgrade. They knew downgrade was possible, but now it is certainty so they may further sell.
the moody’s downgrade , but that was just lies ,moody’s is in their pocket