US May Trade Balance (69.00B) vs (69.00B) Est.
Portfolio Pulse from Benzinga Newsdesk
The US May Trade Balance has been reported as $69.00B, which is in line with the estimated figure.
July 06, 2023 | 12:31 pm
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NEUTRAL IMPACT
The reported US May Trade Balance, which matches the estimates, may not have a significant impact on SPY as the market has likely already priced in this information.
The US May Trade Balance is an important economic indicator that can influence the market. However, since the reported figure is in line with the estimates, it's likely that the market, including SPY, has already priced in this information. Therefore, no significant short-term impact is expected.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50