House Speaker McCarthy Says Lack Of Movement By The White House Is The Reason For The Pause
Portfolio Pulse from Benzinga Newsdesk
House Speaker McCarthy stated that the lack of movement by the White House is the reason for the pause in negotiations.
May 19, 2023 | 4:50 pm
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The pause in negotiations due to the White House's lack of movement may cause uncertainty in the market, potentially affecting the SPY ETF.
The pause in negotiations due to the White House's lack of movement creates uncertainty in the market. This uncertainty may lead to increased volatility and potentially negatively impact the SPY ETF, which tracks the performance of the S&P 500 Index. Investors may become more cautious and risk-averse, leading to a potential decrease in the value of the SPY ETF in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50