MarketWatch: “VIX jumps after Moody’s downgrades U.S. credit rating”
By datatrekresearch in IN THE NEWS
... “While the Moody’s downgrade may cause a bit of near-term equity market volatility, history shows it does not portend structurally higher interest rates, an imminent recession, or declining stock prices,” Nicholas Colas, co-founder of DataTrek Research, said in a note emailed Monday.
“Rating agencies play a critical role in capital markets, but their decisions about US sovereign debt have never signaled anything useful about future asset prices,” he said"...
Full article here on MarketWatch.
