One day after the historic downgrade on the US credit rating, traders and investors are trying to figure out if this will play out like last time. Despite the credit downgrade being the biggest focus of the day, something else happened in tandem that just added an extra layer of pressure to the economy and markets. I go over what happened with the Fitch downgrade today and what investors are thinking good and bad. Then I go over what the treasury announced today and how it plays apart of a bigger story. All in all, I think the whole situation is developing but it reminds me of the banking crisis. Its a big event with big implications but nothing the right stimulus/liquidity couldn't keep at pay temporarily. Sad but true until we become Japan. After this brief market recap and stock analysis, I go over 3 stocks for tomorrow and the trades I made today. THIS IS NOT A RECOMMENDATION OR FINACNIAL ADVICE I AM NOT A LICENSED FINANCIAL ADVISOR POST YOUR WATCHLIST BELOW AND S
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)