The financial markets are experiencing a downturn, threatening the S&P 500's recent six-day gaining streak. Severe market fears are underscored by Moody's downgrade of the U.S. debt rating, causing some analysts, like those from Deutsche Bank, to describe the economy as facing a 'death by a thousand cuts.' Nevertheless, signs suggest the economy might be nearing the end of this downturn, and notable stocks like Tesla are demonstrating resilience amidst broader market declines.
"Yesterday felt like we were somewhere along the line of a 'death by a thousand cuts' with regards to the U.S. fiscal situation."
"But the outlook also suggests the U.S. economy is at the tail end of that downward spiral."
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