Ukraine's Military Says Their Forces Have Successfully Hit Naval Targets And Port Infrastructure In Sevastopol Bay
Portfolio Pulse from Charles Gross
Ukraine's military has successfully hit naval targets and port infrastructure in Sevastopol Bay, according to Reuters. This could potentially impact global markets and ETFs such as SPY and VGK.
September 13, 2023 | 9:41 am
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NEGATIVE IMPACT
The SPY ETF, which tracks the S&P 500, could be impacted by the military actions in Ukraine due to potential global market volatility.
The SPY ETF tracks the S&P 500, which is a broad representation of the US stock market. Any geopolitical instability, such as military actions in Ukraine, can cause market volatility and impact the performance of this ETF.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
The VGK ETF, which tracks European stocks, could be directly impacted by the military actions in Ukraine due to its geographical proximity and potential market volatility.
The VGK ETF tracks European stocks, and Ukraine being in Europe, any military actions there can cause market volatility and impact the performance of this ETF directly.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 85