The Downgrade of 10 Regional Banks Indicates the Health of the U.S. Economy

Moody's downgraded the credit ratings of 10 regional banks and put several others on its watch list. What do you think this indicates regarding the health of the U.S. economy? We are late cycle when it comes to economic cycle, all the different indicators we see definitely demonstrate that. It doesn't mean that you want to sell everything down, but you have to be cautious around what could transpire next.