Treasury's Adeyemo Said 14th Amendment Can't Solve Challenges Now; Said No Plan B To Meet All Pledges To Creditors
Portfolio Pulse from Charles Gross
Treasury's Adeyemo stated that the 14th Amendment cannot solve current challenges and there is no Plan B to meet all pledges to creditors.
May 26, 2023 | 11:15 am
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Treasury's Adeyemo's statement on the 14th Amendment and lack of Plan B may cause uncertainty in the market, potentially impacting SPY.
Treasury's Adeyemo's statement that the 14th Amendment cannot solve current challenges and there is no Plan B to meet all pledges to creditors may cause uncertainty in the market. This uncertainty could lead to increased volatility and potentially impact the stock price of SPY, an ETF that tracks the S&P 500 index, as investors may become more cautious.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50