Yemen's Houthi Says If US Intervenes In Gaza, The Group Will Respond By Firing Drones, Missiles, Other Military Options
Portfolio Pulse from Bill Haddad
Yemen's Houthi group has threatened to respond with drones, missiles, and other military options if the US intervenes in Gaza. This could potentially escalate geopolitical tensions in the Middle East.
October 10, 2023 | 1:48 pm
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NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) could be negatively impacted due to potential escalation of geopolitical tensions in the Middle East.
The ETF tracks the investment results of an index composed of Israeli equities. Increased geopolitical tensions in the region could negatively impact the performance of these equities, and thus the ETF.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) could experience some volatility due to potential geopolitical tensions in the Middle East.
The ETF tracks the S&P 500 index, which includes companies with global operations. Any geopolitical tensions could cause market volatility, impacting the performance of these companies and the ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
The United States Oil Fund (USO) could potentially benefit from an escalation of geopolitical tensions in the Middle East.
The ETF tracks the price of West Texas Intermediate light, sweet crude oil. Geopolitical tensions in the Middle East often lead to oil price increases, which could benefit the ETF.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70