USA Retail Inventories Ex Auto For April -0.1% Vs 0.1% Prior
Portfolio Pulse from Happy Mohamed
USA retail inventories excluding auto for April decreased by 0.1% compared to a 0.1% increase in the prior month.
May 26, 2023 | 12:39 pm
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NEUTRAL IMPACT
USA retail inventories ex auto for April decreased by 0.1%, which may have a neutral impact on the SPY ETF.
The decrease in retail inventories excluding auto for April is a minor change compared to the prior month. This may not have a significant impact on the overall market, and thus, the SPY ETF is likely to remain neutral in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50