When the Rally Hits a Red Light
A credit downgrade, rising debt, and why investor behavior often says more than numbers
After six straight days of gains, the U.S. stock market finally took a pause. The S&P 500 slipped, ending its recent winning streak. Behind the slowdown is a warning from credit agency Moody’s, which downgraded the U.S. credit outlook. The reason is the national debt, which has climbed above 36.2 trillion dollars.
