President Biden SaysRussia Cannot Maintain War In Ukraine For Years; Putin Will Eventually Decide It Is Not In The Interest Of Russia To Continue War
Portfolio Pulse from Happy Mohamed
President Biden has stated that Russia will not be able to sustain a war in Ukraine for years and that Putin will eventually decide it is not in Russia's interest to continue the war.
July 13, 2023 | 2:56 pm
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NEGATIVE IMPACT
The geopolitical tension could lead to market volatility, potentially impacting the SPY ETF.
Geopolitical tensions and uncertainties often lead to market volatility. As SPY is a broad market ETF, it is likely to be impacted by such volatility.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
The VGK ETF, which tracks European stocks, could be impacted by the geopolitical tension between Russia and Ukraine.
The VGK ETF tracks European stocks, and Europe could be significantly impacted by a prolonged war between Russia and Ukraine. This could lead to volatility in the ETF.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 70