USA Redbook (YoY) 0.7% Vs 0.5% Prior
Portfolio Pulse from Happy Mohamed
The USA Redbook Year-over-Year (YoY) has increased to 0.7% from the previous 0.5%.

July 05, 2023 | 12:57 pm
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POSITIVE IMPACT
The increase in USA Redbook YoY could potentially impact the broader market, including SPY.
The USA Redbook is a measure of comparable store sales at chain stores, discounters, and department stores. It's a leading indicator of consumer spending which makes up the majority of overall economic activity. An increase in the Redbook YoY indicates increased consumer spending, which could potentially lead to a positive impact on the broader market, including SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75