Fitch issues negative rating outlook for U.S.A.

Fitch revised the U.S. AAA rating from stable to negative. Clearly, U.S.A. should get downgraded as its debt to GDP is approaching 150% of GDP.

AAA Credit Spread Vs. Real GDP

The credit spread between AAA rated corporate bonds and the 10 year U.S. treasury is a leading indicator for real GDP.

At this moment in 2019, we see credit spreads broadening (green line going down), which means that U.S. real GDP should be coming down as well (blue line going down).

For more info: https://pdfs.semanticscholar.org/e460/faf649cd2b43c5674dedcf45370973133c87.pdf