McCarthy Says Negotiations Will Continue This Evening
Portfolio Pulse from Happy Mohamed
House Minority Leader Kevin McCarthy announced that negotiations on the U.S. debt ceiling will continue this evening, according to Reuters.
May 24, 2023 | 8:33 pm
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NEUTRAL IMPACT
The ongoing negotiations on the U.S. debt ceiling may cause short-term uncertainty for the SPDR S&P 500 ETF (SPY).
The U.S. debt ceiling negotiations can impact the overall market sentiment, which may cause short-term uncertainty for the SPDR S&P 500 ETF (SPY). However, the outcome of the negotiations is still uncertain, and the impact on SPY may vary depending on the final agreement.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50