Retail Sales (MoM) (Jun) 0.2% vs 0.5% Est.
Portfolio Pulse from Bill Haddad
The month-on-month retail sales for June came in at 0.2%, lower than the estimated 0.5%.
July 18, 2023 | 12:30 pm
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NEGATIVE IMPACT
The lower than expected retail sales could potentially impact the overall market, represented by SPY.
Retail sales are a significant economic indicator, reflecting consumer spending, which accounts for a large portion of the economy. Lower than expected figures could indicate a slowdown in consumer spending, potentially impacting the overall market and thus the SPY ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75