Fed's Bostic Says Impact Of War In Israel On The Economy Is Uncertainty
Portfolio Pulse from Bill Haddad
Federal Reserve's Bostic has stated that the ongoing war in Israel is creating uncertainty in the economy. The impact of this uncertainty on US-listed ETFs like EIS (iShares MSCI Israel ETF) and SPY (SPDR S&P 500 ETF Trust) is yet to be determined.
October 10, 2023 | 1:49 pm
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NEGATIVE IMPACT
The war in Israel is creating economic uncertainty which could potentially impact the performance of the iShares MSCI Israel ETF (EIS).
EIS, being an ETF that tracks the investment results of an index composed of Israeli equities, is directly exposed to the economic conditions in Israel. The ongoing war and the resulting uncertainty could negatively impact the Israeli economy and, consequently, the performance of EIS.
CONFIDENCE 60
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The war in Israel is creating economic uncertainty which could potentially impact the performance of the SPDR S&P 500 ETF Trust (SPY).
SPY, being an ETF that tracks the S&P 500 index, is exposed to global economic conditions. The ongoing war in Israel and the resulting uncertainty could potentially impact global markets and, consequently, the performance of SPY.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 60