U..S. State Dept: Raised Travel Advisory For Israel And West Bank To Level 3: Reconsider Travel Due To Terrorism And Civil Unrest; State Dept: Travel Advisory For Gaza Remains Level 4: Do Not Travel Due To Terrorism, Civil Unrest, And Armed Conflict
Portfolio Pulse from Charles Gross
The U.S. State Department has raised the travel advisory for Israel and the West Bank to Level 3, advising citizens to reconsider travel due to terrorism and civil unrest. The travel advisory for Gaza remains at Level 4, advising against all travel due to terrorism, civil unrest, and armed conflict.
October 11, 2023 | 9:41 pm
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NEUTRAL IMPACT
The raised travel advisory for Israel and the West Bank is unlikely to have a significant impact on the SPDR S&P 500 ETF (SPY) due to its broad exposure to the U.S. market.
The SPDR S&P 500 ETF (SPY) has broad exposure to the U.S. market and is not heavily influenced by events in Israel and the West Bank. Therefore, the raised travel advisory is unlikely to have a significant impact on this ETF.
CONFIDENCE 85
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
The raised travel advisory for Israel and the West Bank is unlikely to have a significant impact on the United States Oil Fund (USO) as it is not directly related to oil production or supply.
The United States Oil Fund (USO) is primarily influenced by factors affecting oil prices, such as supply and demand dynamics. The raised travel advisory for Israel and the West Bank is not directly related to oil production or supply, so it is unlikely to have a significant impact on this ETF.
CONFIDENCE 85
IMPORTANCE 20
RELEVANCE 20
NEGATIVE IMPACT
The raised travel advisory for Israel and the West Bank may negatively impact the iShares MSCI Israel ETF (EIS) due to potential decrease in tourism and business travel.
The raised travel advisory could lead to a decrease in tourism and business travel to Israel and the West Bank, which could negatively impact the economy and, by extension, the performance of the iShares MSCI Israel ETF (EIS).
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80