RUT 2K Fell 17.50% After the Last U.S. Credit Downgrade

2023年8月3日

If you haven`t bought the RUT 2K regional Double Bottom here:

On Tuesday, Fitch Ratings downgraded the US debt rating from the highest AAA rating to AA+, citing "a steady deterioration in standards of governance."

This downgrade occurred following last-minute negotiations among lawmakers to secure a debt ceiling deal earlier this year, which put the nation at risk of its first default.

Following a similar credit downgrade in the past, the RUT 2K Russell 2000 experienced a sharp decline of 17.50% within a three-month period. S&P, one of the three major credit rating firms, downgraded U.S. debt on Aug. 5, 2011, after another significant debt ceiling battle.

Presently, the U.S. 10-year Treasury yield has risen to 4.15%, reaching its highest level since November 2022.

Even though is not likely, a 17.50% decline will lead to a Price Target of $1630 for RUT 2K.

Looking forward to read your opinion about it.

2023年8月11日

交易進行

RUT following the trendline.

2024年1月4日

交易結束：目標達成

RUT wend down to the penny to our price target! So that U.S. Credit Downgrade statistic really worked.