In a surprising twist, the S&P 500 defied expectations of a downturn, marking its sixth consecutive gain despite Moody’s downgrade. As fears of a ‘Sell America’ sentiment loom, investors rallied, showcasing resilience in the face of adversity.
Deutsche Bank warns that the U.S. economy faces “death by a thousand cuts” as waning confidence in national debt management takes its toll. This erosion poses significant challenges, raising concerns about the nation’s financial stability and future growth.