Goolsbee Says We're Paying Close Attention To Long Term Rates
Portfolio Pulse from Benzinga Newsdesk
Goolsbee has stated that there is a close attention being paid to long term rates. The SPY ETF, which tracks the S&P 500, could be affected by changes in these rates.
November 07, 2023 | 1:08 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, could be affected by changes in long term rates. As these rates are closely monitored, any significant changes could impact the ETF's performance.
Long term rates can influence the performance of the stock market, and thus the SPY ETF. If rates rise, it could lead to a decrease in stock prices, negatively impacting the ETF. Conversely, if rates fall, it could boost stock prices, positively impacting the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70