In this episode of "Coffee with Markus and Mark," the hosts discuss the past week's market performance, highlighting the significant gains in the S&P and Nasdaq due to optimism surrounding a potential trade deal with China. They address Moody's downgrading of the US credit rating and its immediate impact on the markets, including rising bond yields and a sell-off in tech stocks. They analyze the downgrade's significance, noting it aligns Moody's with other major agencies and discuss Warren Buffett's decision to step back from Berkshire Hathaway shareholder meetings. The hosts then review the performance of their WTF strategy and various wheel positions, including CSIQ, HAL, IWM, KSS, Merck, UPS, and MU, detailing gains, rescue missions, and future trading opportunities in sectors like energy, considering XLE, CVX, and CTRA. Finally, they touch on the week's economic calendar, emphasizing the numerous scheduled appearances by Fed members and share a couple of jokes.
