Workflow
无需理会穆迪?大摩高呼:准备抄底美股!
美股研究社·2025-05-20 12:14

Core Viewpoint - Investors should consider buying during the market pullback triggered by Moody's downgrade of the US sovereign credit rating, as the US-China trade truce has reduced the probability of recession [1]. Group 1: Market Reaction to Credit Rating Downgrade - Moody's downgraded the US credit rating from AAA to AA1, causing the 10-year Treasury yield to exceed the critical 4.5% level, leading to a 1.2% drop in S&P 500 futures [1][3]. - The downgrade was attributed to the expanding US budget deficit with no signs of narrowing, raising concerns about the attractiveness of US assets amid ongoing global trade uncertainties [1]. Group 2: Corporate Earnings and Market Outlook - Despite the uncertainty surrounding tariffs, corporate earnings reports have not shown significant negative impacts, and recent upward revisions in earnings forecasts suggest potential further increases in the stock market [4]. - The market is likely to overlook any temporary weakness in trade data due to the trade agreement with China, according to the strategist [4]. - Goldman Sachs strategist David Kostin anticipates that the "Magnificent Seven" tech stocks will outperform the S&P 500 index due to strong earnings trends, despite a recent sell-off in high-priced US stocks [4].