U.S. Defense Secretary Austin Says We Are Not At War With Russia, This Is Ukraine's Fight
Portfolio Pulse from Happy Mohamed
U.S. Defense Secretary Lloyd Austin stated that the U.S. is not at war with Russia and emphasized that the conflict in Ukraine is Ukraine's fight. This statement may impact ETFs like SPY and VGK.
May 25, 2023 | 4:56 pm
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NEUTRAL IMPACT
U.S. Defense Secretary's statement on the Ukraine conflict may impact the SPY ETF, as it tracks the performance of the S&P 500 Index.
The statement clarifies the U.S. stance on the conflict, which may reduce uncertainty and potential risks for the U.S. market. However, the impact on the SPY ETF may be limited as it is not directly linked to the conflict.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
The statement by the U.S. Defense Secretary may have an impact on the VGK ETF, which tracks the performance of European stocks.
The statement may reduce uncertainty and potential risks for European markets, as it clarifies the U.S. stance on the conflict. However, the impact on the VGK ETF may be limited as it is not directly linked to the conflict.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 60