While 'Right People' Solve Debt Ceiling Debate, Where's McCarthy? Not In The Room
Portfolio Pulse from Anthony Noto
House Speaker Kevin McCarthy has indicated that negotiators on the federal debt limit may reach an agreement in principle as soon as this weekend. Treasury Secretary Janet Yellen says June 1 is the deadline, otherwise, the U.S. government might be unable to pay its obligations and government jobs would be in jeopardy. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ Trust Series 1 (NASDAQ:QQQ) were up at last check.
May 18, 2023 | 5:39 pm
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POSITIVE IMPACT
The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) was up 1.23% at $335.20 at last check, potentially due to optimism surrounding the debt ceiling negotiations.
The QQQ ETF is up at last check, which could be attributed to optimism surrounding the debt ceiling negotiations. If an agreement is reached, it may alleviate concerns about the U.S. government's ability to pay its obligations, which could have a positive impact on the stock market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust (NYSE:SPY) was up 0.27% at $416.34 at last check, potentially due to optimism surrounding the debt ceiling negotiations.
The SPY ETF is up at last check, which could be attributed to optimism surrounding the debt ceiling negotiations. If an agreement is reached, it may alleviate concerns about the U.S. government's ability to pay its obligations, which could have a positive impact on the stock market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50