2 August : Market Catches Its Breath: S&P’s Soaring Valuations, US Credit Downgrade, and Surprise Moves by Aspen and AngloGold Shake Investors
Market takes a breath after strong gains. S&P near 20x fwd, priced in soft landing. US credit downgraded on fiscal deficit. Industrial stocks up, Tesla down. Aspen surprises with acquisition and AngloGold misses estimates.
