Core PPI (YoY) (Jun) 2.4% vs 2.6%
Portfolio Pulse from Bill Haddad
The Core Producer Price Index (PPI) for June came in at 2.4%, lower than the expected 2.6%.
July 13, 2023 | 12:31 pm
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NEUTRAL IMPACT
The lower than expected Core PPI may impact the SPY ETF, as it reflects broader economic trends.
The Core PPI is a key economic indicator that can influence market sentiment. While it's not directly related to SPY, it reflects broader economic trends that can impact the ETF. The lower than expected figure may suggest slower economic growth, which could influence investor sentiment and impact SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75