USA Redbook (YoY) -0.3% Vs -0.4% Prior
Portfolio Pulse from Happy Mohamed
The USA Redbook Year-over-Year (YoY) index has shown a slight improvement, coming in at -0.3% versus the estimated -0.4%.
July 18, 2023 | 12:56 pm
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NEUTRAL IMPACT
The slight improvement in the USA Redbook YoY index may have a neutral impact on SPY as it indicates a marginal improvement in retail sales.
The USA Redbook index is a measure of retail sales performance. A slight improvement in the index indicates a marginal improvement in retail sales, which may not significantly impact the SPY ETF, which tracks a broad range of sectors in the US economy.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50