Biden Said Threat Of Terrorism In The United States Has Increased Due To Unrest In Middle East
Portfolio Pulse from Charles Gross
President Biden has stated that the threat of terrorism in the United States has increased due to unrest in the Middle East. This could potentially impact the performance of certain ETFs.
October 15, 2023 | 11:19 pm
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POSITIVE IMPACT
The United States Oil Fund (USO) could potentially benefit from increased unrest in the Middle East.
USO tracks the price of West Texas Intermediate light, sweet crude oil. Increased unrest in the Middle East could potentially lead to increased oil prices, benefiting USO.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) could be negatively impacted due to increased unrest in the Middle East.
EIS tracks the investment results of an index composed of Israeli equities. Increased unrest in the Middle East could negatively impact the performance of these equities.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could potentially be impacted due to increased global security concerns.
SPY tracks the S&P 500, which includes companies with significant global operations. Increased global security concerns could potentially impact the performance of these companies.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60