McCarthy Not Running Again To Be Speaker
Portfolio Pulse from Charles Gross
According to a report by Reuters citing Politico, McCarthy will not be running again for the position of Speaker.
October 03, 2023 | 10:55 pm
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NEUTRAL IMPACT
The news of McCarthy not running for Speaker again may have indirect implications on the SPY ETF, as it could influence political stability and policy direction.
While the news does not directly mention SPY, political changes can have an impact on the overall market, which SPY ETF represents. The decision of McCarthy not to run for Speaker again could lead to changes in political stability and policy direction, which could indirectly affect the performance of SPY.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50