Market has 'bigger fish to fry' than Fitch credit downgrade: Strategist

#yahoofinance #fitchratings #stockmarket

Global markets are dropping on Fitch Ratings' downgrade to U.S. credit from AAA to AA+. All Star Charts President and Founder JC Parets argues U.S. markets were already under pressure due to elevated interest rates and being a pre-election year, regardless of the credit re-rating. Parets says commodity sentiments are already at "pessimistic levels" while discussing broadening rally trends in energy and industrial sectors.

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