Russia Scrambles Two Jets Due To U.S. Drones Over Crimea
Portfolio Pulse from Happy Mohamed
Russia has scrambled two jets in response to U.S. drones flying over Crimea, according to Reuters. The news may have implications for the SPY and VGK ETFs, which have exposure to geopolitical risks.
August 28, 2023 | 5:16 pm
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NEGATIVE IMPACT
The SPY ETF, which tracks the S&P 500, may be affected by this news due to its exposure to geopolitical risks.
The SPY ETF tracks the S&P 500, which includes companies that could be affected by geopolitical tensions. Increased tensions between Russia and the U.S. could lead to market volatility, potentially impacting the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The VGK ETF, which tracks European stocks, may be affected by this news due to its exposure to geopolitical risks.
The VGK ETF tracks European stocks, which could be affected by geopolitical tensions. Increased tensions between Russia and the U.S. could lead to market volatility, potentially impacting the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70