'Army Plans Major Cuts To Special-Operations Forces, Including Green Berets; After Post-9/11 Expansion, Army Struggles With Recruiting, Focuses On China' - WSJ
Portfolio Pulse from Benzinga Newsdesk
The US Army is planning major cuts to its special-operations forces, including the Green Berets, as it struggles with recruiting and shifts its focus towards China. This comes after a significant expansion of these forces post-9/11.
October 05, 2023 | 3:22 pm
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NEUTRAL IMPACT
The US Army's shift in focus towards China could potentially impact the iShares China Large-Cap ETF (FXI).
The US Army's shift in focus towards China could lead to increased tensions between the two countries, which could potentially impact the performance of the iShares China Large-Cap ETF (FXI). However, the direct impact of this news on the ETF is uncertain.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The planned cuts to the US Army's special-operations forces could potentially impact the SPDR S&P 500 ETF (SPY).
The planned cuts to the US Army's special-operations forces could potentially impact the defense sector, which is part of the S&P 500. However, the direct impact of this news on the ETF is uncertain.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50