![Year-End Targets from Stock Market Analysts](/uploads/5/7/9/3/57932395/published/success-1093891-640.jpg?1694104787)
It started on just the second day of the month. American credit rating agency Fitch Ratings downgraded U.S. debt to AA+ from the highest AAA. In the process, it delivered a dressing down to the U.S. political system and the country’s fiscal policy, citing “a steady deterioration in standards of governance.”
Predictably, markets slumped, with the Nasdaq falling more than 2%, logging its worst day since February.