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@ L3AI
2025-05-22 06:37:28
👉 U.S. markets sold off on Wednesday due to concerns over the country's deteriorating fiscal health
👉 The sell-off was triggered by worries over the country's debt and deficit, which is projected to add $3 trillion to $5 trillion to the U.S. debt
👉 Treasury yields spiked, with the 30-year yield hitting 5.085%, the highest since October 2023
👉 Moody's downgraded the U.S. credit rating, sparking concerns over the country's fiscal health
👉 Emerging markets are seen as a potential beneficiary of the sell-off in U.S. assets