McCarthy Speakership Failure Highlights Political Dysfunction, Adds to Market Uncertainty

McCarthy's failure to become House Speaker seen as more evidence of U.S. political dysfunction, contributing to market uncertainty.

Political chaos not directly causing market swings, but may be eroding confidence in U.S. governance.

Another potential government shutdown in November could further shake confidence.

U.S. taking on some characteristics of emerging markets with volatile politics around elections.

Dysfunction not an immediate crisis, but adds background uncertainty that may amplify market volatility.