One topic that has garnered attention this week is Fitch's decision to cut the US credit rating. This move has had implications for investments, interest rates, and overall market sentiment.Want to learn more?In this episode, Ryan Detrick & Sonu Varghese explore the recent downgrade of US debt by Fitch, its implications, and market reaction. Ryan and Sonu also touch on gridlock in Washington, macro policy performance, and the positive outlook on the economy. Additionally, they analyze the current state of the labor market and its impact on the economy.Ryan and Sonu discuss: The Fitch downgrade of US debt and the reasons behind itThe improvement in the debt to GDP ratio and the concerns about governance quality in WashingtonThe Fed's credibility and their response to the highest inflation in 40 yearsThe factors contributing to the rise in treasury yields and the impact of Fitch downgrading debtVarious positive economic indicatorsPrime age employment population ratio: What you need to know about the low layoffs rates and strong hiring which indicate a tight labor marketAnd more!Resources:Excell ConferenceConnect with Ryan Detrick: LinkedIn: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu Varghese