U.S. Senate Bill To Avert Government Shutdown Gets Enough Votes To Advance
Portfolio Pulse from Charles Gross
The U.S. Senate has gathered enough votes to advance a bill that would prevent a government shutdown. This development could have implications for the overall market, potentially affecting ETFs like SPY.
October 01, 2023 | 12:49 am
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POSITIVE IMPACT
The advancement of the bill to prevent a government shutdown could stabilize the market, potentially benefiting SPY.
Government shutdowns can create uncertainty in the market, leading to potential volatility. The advancement of a bill to prevent such a shutdown could therefore stabilize the market, which would likely be beneficial for broad market ETFs like SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75