On August 1, Fitch, a credit ratings agency, downgraded the U.S. debt from AAA (the highest rating) to AA+. Fitch had warned of a possible downgrade during the debt ceiling crisis earlier this year and has sounded alarms since 2011 when a similar crisis occurred. Most do not see the downgrade as meaningful, AA+ still…
Author: Wyatt
2022 was a dreadful year for investors. I think most investors are acutely aware of the ~recent pains occurring in capital markets. However, I venture to guess most are unaware of the how unique and truly rare the year was. US stocks, international stocks, and the US aggregate bond market were all negative for…