Fox Reporter, Chad Pergram Posts " 1/5 GOP FL Rep Diaz-Balart On Fox Business On The Possibility Of A Gov't Shutdown: We're Going To Have To Do A Short Term Continuing Resolution, Unfortunately."
Portfolio Pulse from Happy Mohamed
GOP FL Rep Diaz-Balart discussed the possibility of a government shutdown on Fox Business, stating that a short term continuing resolution may be necessary due to lost time in session. He emphasized the need to pass appropriation bills to negotiate with the Senate.
August 28, 2023 | 1:28 pm
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NEGATIVE IMPACT
The possibility of a government shutdown could create uncertainty in the market, potentially impacting the SPY ETF.
Government shutdowns often lead to uncertainty in the market, which can lead to volatility. As SPY is a broad market ETF, it could be impacted by this potential volatility.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 75