Israel Sent Tanks, Troops And Armored Bulldozers Into Gaza Strip In Targeted Raid Overnight
Portfolio Pulse from Charles Gross
Israel has sent tanks, troops, and armored bulldozers into the Gaza Strip in a targeted raid overnight. The US-listed ETFs EIS, SPY, and USO may be affected by this news.
October 26, 2023 | 11:40 am
News sentiment analysis
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NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) may be affected by the recent military actions in the Gaza Strip.
As EIS tracks the investment results of an index composed of Israeli equities, the recent military actions in the region could lead to increased volatility and potential downside risk for the ETF.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see some impact due to geopolitical tensions in the Middle East.
While SPY tracks a broad-based index, geopolitical tensions can lead to overall market volatility, potentially affecting the ETF's performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
The United States Oil Fund (USO) could be influenced by the ongoing situation in the Middle East.
USO tracks the price of West Texas Intermediate light, sweet crude oil. While the current situation in the Middle East could lead to oil price volatility, it's unclear how this specific event will impact USO.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50