U.S. Treasury Secretary Yellen Says Even In Run-Up To Possible Default, There Will Likely Be Substantial Financial Market Distress
Portfolio Pulse from Happy Mohamed
U.S. Treasury Secretary Janet Yellen warns that even in the run-up to a possible default, there will likely be substantial financial market distress.
May 24, 2023 | 2:25 pm
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NEGATIVE IMPACT
The warning from Treasury Secretary Yellen about financial market distress may negatively impact the SPY ETF in the short term.
As the U.S. Treasury Secretary, Yellen's warning about financial market distress carries significant weight. This may lead to increased uncertainty and volatility in the market, which could negatively impact the SPY ETF, as it tracks the performance of the S&P 500 Index.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80