House To Vote On Biden Impeachment Inquiry Thursday
Portfolio Pulse from Charles Gross
The U.S. House of Representatives is set to vote on Thursday on an impeachment inquiry into President Biden, according to Reuters citing Representative McClain.
December 11, 2023 | 10:27 pm
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NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) may experience volatility due to increased political uncertainty surrounding the impeachment inquiry vote.
Political events such as impeachment inquiries can lead to market uncertainty. Investors may react to the news of the House vote, potentially causing short-term volatility in the SPY ETF, which tracks the S&P 500 and is sensitive to major political and economic events.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70