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Michael Wilson of Morgan Stanley stated that if the credit rating downgrade on Friday triggers selling, investors should buy US stocks on dips, and the trade truce between China and the US has reduced the likelihood of an economic recession. The strategist believes that the possibility of a stock market pullback is greater after Moody's lowered the credit rating, leading to a rise in the 10-year Treasury yield above 4.5%. However, Wilson wrote in the report "we will buy on dips". After the US credit rating downgrade, S&P 500 index futures fell 1.2% on Monday. Moody's stated that the downgrade was due to the continuous expansion of the US budget deficit with no signs of narrowing. This move has reignited concerns in the market about whether US assets are still attractive amid ongoing global trade uncertainty.