U.S. Congressman Patrick McHenry Says In Constant Communication With White House Team; Cites Progress In Debt Ceiling Talks But Says Remaining Issues Become More Difficult As More Progress Is Made
Portfolio Pulse from Happy Mohamed
U.S. Congressman Patrick McHenry reports progress in debt ceiling talks with the White House, but acknowledges that remaining issues become more difficult as more progress is made.
May 26, 2023 | 4:50 pm
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NEUTRAL IMPACT
Progress in debt ceiling talks may impact the SPY ETF as it reflects the overall market sentiment.
The progress in debt ceiling talks may have an indirect impact on the SPY ETF, as it reflects the overall market sentiment. However, the remaining issues becoming more difficult could lead to uncertainty and potential volatility in the market. As a result, the short-term impact on the SPY ETF is neutral.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50