Fed's Daly Says Credit Shocks Have A Lag, Still Could See It In Next Months
Portfolio Pulse from Happy Mohamed
Federal Reserve's Mary Daly has stated that credit shocks often have a lag and could still be seen in the upcoming months. This suggests potential instability in the financial markets.
July 10, 2023 | 3:50 pm
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The SPY ETF, which tracks the S&P 500, could be impacted by potential credit shocks as warned by Fed's Daly. This could lead to increased market volatility.
Credit shocks can lead to increased market volatility, which can impact the performance of the SPY ETF. As the ETF tracks the S&P 500, any instability in the financial markets could lead to a decrease in its value.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 75