House Speaker Kevin McCarthy Says Don't Think There'll Be A Default
Portfolio Pulse from Happy Mohamed
House Speaker Kevin McCarthy stated in an interview that he does not believe there will be a default on US debt.
May 24, 2023 | 3:54 pm
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POSITIVE IMPACT
House Speaker Kevin McCarthy's statement on no default on US debt may have a positive impact on the SPY ETF.
House Speaker Kevin McCarthy's statement on no default on US debt may ease concerns among investors, leading to a positive impact on the SPY ETF, which tracks the S&P 500 Index. A default on US debt could have caused significant market turmoil, negatively affecting the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50