Investors Shake off Moody’s Downgrade
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MRKT Matrix - Monday, May 19th

• S&P 500 is flat as investors shake off Moody's downgrade (CNBC))

• Mortgage rates cross back over 7% after U.S. credit downgrade (CNBC))

• Ray Dalio says the risk to U.S. Treasurys is even greater than what Moody’s is saying (CNBC))

• BlackRock’s Rick Rieder says this is the ‘sweet spot’ in bonds right now (CNBC))

• Morgan Stanley’s Wilson Says Buy US Stock Dips After Moody’s Cut (Bloomberg))

• Fed Officials Signal Rates Likely to Stay on Hold Until at Least September (Bloomberg))

• Trump Tax Bill Advances After GOP Deal for Faster Medicaid Cuts (Bloomberg))

• Jamie Dimon’s Would-Be Successors Audition for the Top Job at JPMorgan (WSJ))

• Nvidia announces new tech to keep it at the center of AI development (CNBC))

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Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs