A rug-pull event!

 In a historic move, credit-ratings agency Fitch Ratings downgraded the U.S.'s credit rating from AAA to AA+. Fitch projects that the government deficit as a percentage of gross domestic product ("GDP") will rise to 6.3% this year... a steep increase from last year's 3.7%. And within two quarters, U.S. interest payments are expected to surpass $1 trillion for the first time ever...

  One of the government's largest expenditures won't be for social welfare or defense spending... but instead for interest on money already spent. And this will only increase, fast!

 

 So the market got spooked and has dropping like a stone in the past two days. But in my mind, this rug-pull event is just the start of a much larger correction in the weeks ahead. This downgrade is just an excuse or a catalyst for the market to give FOMOs "some color see see" for now. It is just an appetizer. The entree is coming, soon. 

Here is what I think:

 

 But nothing goes in a straight line. I'm actually betting on a quick rebound today.