I'm Rob Isbitz, seeking off a contributor under the profile SunGarden Investment Publishing,

a formerly moderate income investor.

I am joined again by my friend and industry colleague and veteran Matthew Tuttle of Tuttle capital management.

He is a fellow seeking alpha contributor, a highly experienced trader, and very much an E.T.F innovator.

I mean, look, we're recording this on Wednesday, about 1230 p.m.

It is August 2nd. So last night, Fitch, one of the rating agencies, downgrading the U.S.

debt from AAA to double A plus.

I mean, not seem like much.

It may not be much.

Wanter to get your initial impression.

My initial impression is it's not much. I mean as we sit here the market's selling off a bit

But you know I think we're we're at a spot after this recent run where it doesn't take much for people to start

taking profits.

The thing I'm monitoring is I am monitoring yields. So you know the 10 year is back over 4% that is not

typically been a good spot for stocks but you know the past couple of times we've gotten at that level, we've come down real

quick.

So you know, that's what I'm watching more than anything, you know, if this does bring yields over 4% and keep them over 4%,

then I may change my mind.

But for now I think, you know, well, we'll go about 4%, we'll look around for a while and then we'll come back down and this will be much ado about nothing.

You know, the narrative out there now is, oh, okay, it's going to be, you know, the Fed is going to get this

right, we're not going to have a recession or if it is we're barely going to notice it etc

etc what do you think? Yeah so I know you look at all the data it's all

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