To The Moon

Ratings firm Moody’s lowered its assessment of U.S. credit outlook from “stable” to “negative” Friday, underscoring America’s worsening fiscal standing and the implications of political dysfunction. Investors, however, paid little attention to a Moody's announcement late on Friday. ⚠️ Trading tips: Looking at SPY calls above 440.2 and puts below 438.6 on Monday. Dip buy zone U.S. equity futures pointed 0.44 per cent lower, following Friday's 1.56 per cent rally for the S&P 500. Nomura Securities strategist Naka Matsuzawa said equities are likely close to a peak. "Up until now the market has been taking bad economic news as good news, because that would mean a pause in Fed rate hikes," he said. "But now, the Treasury market has already priced in a pause, so there's not much room for Tre