Congressman McHenry Can't Say When Negotiations Will Resume; Says Top Line Disagreement Remains On Spending
Portfolio Pulse from Benzinga Newsdesk
Congressman McHenry stated that he cannot predict when negotiations will resume, as a top line disagreement on spending remains unresolved.
May 23, 2023 | 6:27 pm
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NEUTRAL IMPACT
Uncertainty in negotiations may lead to short-term volatility in the SPY ETF.
The ongoing disagreement on spending and uncertainty about when negotiations will resume may cause short-term volatility in the SPY ETF, as it reflects the overall market sentiment. However, the impact may be limited as the news does not directly affect the ETF's underlying assets.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50