White House Says U.S. Fully Anticipated Retaliatory Strikes From The Houthis; Additional U.S. Strikes Tuesday Took Out Ballistic Missiles Houthis Were Ready To Launch; Yemen's Houthis Still Have A Choice, U.S. Not Looking For A War With The Houthis
Portfolio Pulse from Benzinga Newsdesk
The White House has stated that the U.S. anticipated retaliatory strikes from Yemen's Houthi rebels and conducted additional strikes on Tuesday to neutralize ballistic missiles ready for launch. The U.S. emphasizes that it is not seeking war with the Houthis, who still have the option to de-escalate the situation.
January 16, 2024 | 6:53 pm
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NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) may experience volatility due to increased geopolitical tensions following U.S. strikes on Houthi missile sites in Yemen.
Geopolitical tensions can lead to market uncertainty, causing investors to react negatively. While the situation is specific to Yemen, broader market indices like SPY can be affected due to risk aversion.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
The United States Oil Fund (USO) might see price fluctuations as the conflict with Yemen's Houthis could impact perceptions of stability in oil-producing regions.
Military actions in the Middle East often lead to concerns about oil supply disruptions, which can cause short-term price swings in oil-related assets like USO.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70