Debt Ceiling Crisis: Here Are Assets Investors Will Watch Closely As Market Braces For Volatility
Portfolio Pulse from Bhavik Nair
Investors are preparing for potential volatility in currencies and losses in equities as the debt ceiling crisis continues. President Joe Biden and House Speaker Kevin McCarthy will meet to discuss the issue. Strategists at JPMorgan Chase & Co. and Morgan Stanley warn that a stand-off threatens equity markets.
May 22, 2023 | 5:52 am
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NEGATIVE IMPACT
The Invesco QQQ Trust Series 1 (QQQ) lost 0.23% on Friday as the debt ceiling crisis continues, potentially impacting equity markets.
The debt ceiling crisis is causing uncertainty in the market, which could lead to increased volatility and potential losses in equities. As QQQ tracks the Nasdaq-100 Index, it is directly impacted by these market conditions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The iShares 1-3 Year Treasury Bond ETF (SHY) closed 0.07% lower on Friday as the debt ceiling crisis continues, reflecting concerns over the political stand-off.
The debt ceiling crisis is causing uncertainty in the market, which could lead to increased volatility and potential losses in bonds. As SHY tracks short-term U.S. Treasury bonds, it is directly impacted by these market conditions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) closed 0.15% lower on Friday as the debt ceiling crisis continues, potentially impacting equity markets.
The debt ceiling crisis is causing uncertainty in the market, which could lead to increased volatility and potential losses in equities. As SPY tracks the S&P 500, it is directly impacted by these market conditions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Vanguard Short-Term Treasury Index Fund ETF (VGSH) closed 0.05% lower on Friday as the debt ceiling crisis continues, reflecting concerns over the political stand-off.
The debt ceiling crisis is causing uncertainty in the market, which could lead to increased volatility and potential losses in bonds. As VGSH tracks short-term U.S. Treasury bonds, it is directly impacted by these market conditions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80