Fitch downgrading the United States of America's credit rating one notch to AA+ will have a short-term negative impact on US stock markets, much like the Standard and Poor's downgrade had in 2013 is Wolfteam Ltd.'s view
Short-term, this could prove a buying opportunity. Structurally, however, US stock markets are set to fall an extent due to overvaluation, especially in the technology sector.
A possible US and global stock markets fall would be offset, however, by better performance of US and global oil, natural gas and grains producing companies, which are grossly undervalued on Price/Sales, Price/Earnings, Price/Book ratios and most other multiples is Wolfteam Ltd.'s corporate view.
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