U.S. House Speaker McCarthy Says If You Throw A Speaker Out... That Kept The Government Open, I Think You're In A Really Bad Place
Portfolio Pulse from Benzinga Newsdesk
U.S. House Speaker McCarthy has expressed concern over the potential removal of a Speaker who has managed to keep the government open, stating that such a move would indicate a 'really bad place'.
October 03, 2023 | 2:14 pm
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NEGATIVE IMPACT
The political instability suggested by Speaker McCarthy's comments could potentially impact the broader market, as represented by SPY.
Political instability often leads to market volatility. If the Speaker of the House is removed, especially one who has managed to keep the government open, it could lead to uncertainty and potential instability in the market. This could negatively impact the broader market, including ETFs like SPY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50