McCarthy Says He Is Not Concerned About Losing His Speakership
Portfolio Pulse from Benzinga Newsdesk
House Minority Leader Kevin McCarthy stated that he is not concerned about losing his speakership, according to Bloomberg.
May 22, 2023 | 6:16 pm
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NEUTRAL IMPACT
House Minority Leader Kevin McCarthy's statement on not being concerned about losing his speakership may have limited impact on SPY.
The news is related to political developments, which can have an indirect effect on the market. However, the statement itself is not directly related to any specific policy or economic issue, so the impact on SPY is expected to be limited.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20