President Biden To Make Remarks On Israel On Tuesday
Portfolio Pulse from Charles Gross
President Biden is set to make remarks on Israel on Tuesday, according to a White House official. The news may impact the performance of certain ETFs such as EIS (iShares MSCI Israel ETF), SPY (SPDR S&P 500 ETF Trust), and USO (United States Oil Fund).
October 09, 2023 | 10:26 pm
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NEUTRAL IMPACT
President Biden's remarks on Israel could impact the iShares MSCI Israel ETF (EIS).
As EIS tracks the investment results of an index composed of Israeli equities, any significant news or policy changes related to Israel could potentially affect the ETF's performance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
President Biden's remarks on Israel could have a ripple effect on the broader market, potentially impacting SPY.
SPY tracks the S&P 500, which represents the broader market. Any significant geopolitical news could cause market volatility, potentially affecting SPY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
President Biden's remarks on Israel, a key player in the Middle East, could impact oil prices and thus USO.
Israel is a key player in the Middle East, a region crucial to global oil supply. Any significant news or policy changes related to Israel could potentially affect oil prices and thus USO, which tracks the price of West Texas Intermediate light, sweet crude oil.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70