USA Redbook (YoY) -0.4% Vs 0.7% Prior
Portfolio Pulse from Happy Mohamed
The USA Redbook Year-over-Year (YoY) has reported a decrease of 0.4%, compared to the previous 0.7%.
July 11, 2023 | 12:56 pm
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NEGATIVE IMPACT
The decrease in the USA Redbook YoY may impact the SPY ETF, as it reflects the overall health of the US economy.
The USA Redbook is a measure of comparable store sales at chain stores, discounters, and department stores. It is an indicator of the performance of the broader retail sector in the US. A decrease in the Redbook YoY indicates a slowdown in the retail sector, which could negatively impact the overall economy and thus the SPY ETF, which tracks the S&P 500 index.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75