USA Wholesale Trade Sales (MoM) For May -0.2% Vs 0.3% Est.; 0.2% Prior
Portfolio Pulse from Happy Mohamed
USA Wholesale Trade Sales for May have decreased by 0.2%, which is lower than the estimated 0.3% and the prior 0.2%.
July 10, 2023 | 2:01 pm
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NEGATIVE IMPACT
The lower than expected USA Wholesale Trade Sales for May could potentially impact the SPY ETF, as it reflects the performance of the US economy.
The SPY ETF tracks the S&P 500, which is a broad representation of the US stock market and economy. A decrease in Wholesale Trade Sales, which is lower than expected, could indicate a slowing economy, potentially negatively impacting the SPY ETF in the short term.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75