US Republican Debt Negotiator Graves: Substantial Gaps Remain, Including Over Debt Limit Duration, But There Is Also Progress On Some Issues
Portfolio Pulse from Bill Haddad
US Republican debt negotiator Graves reports that substantial gaps remain in debt negotiations, including over the debt limit duration, but progress has been made on some issues.
May 23, 2023 | 8:46 pm
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NEUTRAL IMPACT
Substantial gaps remain in US debt negotiations, including over the debt limit duration, which may impact the SPY ETF in the short term.
The ongoing debt negotiations in the US may have an indirect impact on the SPY ETF, as it tracks the performance of the S&P 500 Index. Uncertainty surrounding the debt limit duration and other issues may cause market volatility, affecting the ETF's performance in the short term. However, progress on some issues may mitigate the impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50