Moody's Downgrades U.S. Debt Sending Rates Higher
1. Moody's downgraded U.S. credit rating to Aa1, creating immediate volatility. 2. Retail earnings expected to show 13.6% growth, influencing market sentiment. 3. Potential tariff impacts on earnings particularly severe in retail sector. 4. Consumer sentiment pessimistic, inflation expectations rising to 7.6%. 5. 30-year bond yields over 5%, increasing investor anxiety and volatility.