Existing Home Sales (MoM) For June -3.3% Vs 0.2% Prior
Portfolio Pulse from Happy Mohamed
Existing Home Sales for June have decreased by 3.3% compared to the previous month, which saw a 0.2% increase.
July 20, 2023 | 2:01 pm
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NEGATIVE IMPACT
The decrease in Existing Home Sales could potentially impact the SPY ETF, as it reflects broader economic trends.
The SPY ETF tracks the S&P 500, which is influenced by broad economic indicators such as Existing Home Sales. A decrease in these sales could indicate a slowing economy, which may negatively impact the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75