Bloomberg TV Cites Goolsbee As Saying He Doesn't Think Fitch Downgrade Of U.S. Will Make Much Difference
Portfolio Pulse from Happy Mohamed
Bloomberg TV cited Goolsbee's statement that he doesn't believe the Fitch downgrade of U.S. will make much difference.
August 04, 2023 | 3:42 pm
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Goolsbee's statement suggests that the Fitch downgrade of U.S. may not significantly impact the SPY ETF.
Goolsbee's statement suggests that the Fitch downgrade of U.S. may not significantly impact the SPY ETF. However, as the SPY ETF tracks the S&P 500, which is heavily influenced by the overall U.S. economy, any changes in the U.S. credit rating could potentially affect the ETF's performance. The impact is uncertain and will depend on market reactions.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50