U.S. Expects Number Of Americans Confirmed Dead In Israel-Hamas Conflict To Rise On Wednesday
Portfolio Pulse from Charles Gross
The U.S. State Department expects the number of Americans confirmed dead in the Israel-Hamas conflict to rise on Wednesday, according to Reuters. The conflict may impact the performance of certain ETFs, including EIS (iShares MSCI Israel ETF), SPY (SPDR S&P 500 ETF Trust), and USO (United States Oil Fund).
October 11, 2023 | 11:21 am
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Ascending
NEGATIVE IMPACT
The Israel-Hamas conflict may negatively impact the performance of the iShares MSCI Israel ETF (EIS).
The conflict in Israel could lead to instability in the region, which may negatively affect the performance of the EIS ETF, which tracks the Israeli market.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Israel-Hamas conflict may potentially impact the United States Oil Fund (USO) due to potential disruptions in oil supply.
The conflict in the Middle East could potentially disrupt oil supply, which may negatively impact the performance of the USO ETF, which tracks the price of oil.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
The Israel-Hamas conflict may have a neutral impact on the SPDR S&P 500 ETF Trust (SPY) as it is a broad market ETF.
The SPY ETF tracks the S&P 500, a broad market index. While global conflicts can impact the overall market, the direct impact of the Israel-Hamas conflict on SPY is likely to be limited.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50