Rep Roy Threatens McCarthy's Speakership Over Debt Deal
Portfolio Pulse from Happy Mohamed
Rep. Chip Roy has threatened to challenge Kevin McCarthy's speakership if he supports the debt ceiling deal. The deal could impact the stock market and ETFs like SPY.
May 30, 2023 | 4:15 pm
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NEUTRAL IMPACT
The debt ceiling deal, if supported by McCarthy, could impact the stock market and ETFs like SPY.
The debt ceiling deal could have an impact on the overall stock market, which would in turn affect ETFs like SPY. However, the extent of the impact is uncertain and depends on the final outcome of the deal and the market's reaction to it.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50