President Biden Has Signed Order To Shut The Border; New Asylum Restrictions Are Not Permanent, They Are Activated When The Daily Average Of Border Arrests Tops 2,500 Over A Week And Will Be Paused When Arrests Drop Below 1,500 Per Day
Portfolio Pulse from Benzinga Newsdesk
President Biden has signed an order to shut the border, implementing new asylum restrictions that activate when the daily average of border arrests exceeds 2,500 over a week and pause when arrests drop below 1,500 per day.
June 04, 2024 | 4:35 pm
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NEUTRAL IMPACT
The new border policy may have a minor impact on the SPDR S&P 500 ETF (SPY) as it could affect market sentiment and certain sectors reliant on cross-border trade.
While the border policy could affect market sentiment and specific sectors, the overall impact on the SPDR S&P 500 ETF (SPY) is likely to be minor.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
The new border policy could impact the iShares MSCI Mexico ETF (EWW) due to potential economic and trade disruptions between the US and Mexico.
The border shutdown and asylum restrictions could lead to economic and trade disruptions between the US and Mexico, negatively impacting the iShares MSCI Mexico ETF (EWW).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80