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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
Daily Archives: June 19, 2007
Conflicts of interest make bond rating agencies slow to downgrade
TD Institutional Services reports today that on Friday, credit-rating agency Moody’s cut the ratings on 131 bonds backed by pools of speculative subprime loans because of unusually high rates of default and delinquencies among the underlying mortgages (WSJ). Moody’s also … Continue reading
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