Sell Or Hold? Game Theory May Offer Clues About Wall Street's Tremendous Resilience To Debt Ceiling Crisis
Portfolio Pulse from Bhavik Nair
Game theory suggests Wall Street's resilience to the ongoing debt ceiling crisis may be due to investors' reluctance to sell risk assets. Despite the crisis, the S&P 500 and Nasdaq Composite are near their peak levels in nine months. The debt ceiling crisis remains unresolved.
May 23, 2023 | 4:33 am
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NEUTRAL IMPACT
The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) gained 0.34% on Monday despite the ongoing debt ceiling crisis.
The debt ceiling crisis remains unresolved, but the market has shown resilience. The QQQ ETF has not been significantly impacted in the short term, but the situation may change if the crisis worsens.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (NYSE:SPY) closed 0.04% higher on Monday despite the ongoing debt ceiling crisis.
The debt ceiling crisis remains unresolved, but the market has shown resilience. The SPY ETF has not been significantly impacted in the short term, but the situation may change if the crisis worsens.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50