USA Existing Home Sales (MoM) For July -2.2% Vs -3.3% Prior
Portfolio Pulse from Happy Mohamed
USA Existing Home Sales for the month of July have decreased by 2.2%, which is less than the previous month's decrease of 3.3%.
August 22, 2023 | 2:02 pm
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NEGATIVE IMPACT
The decrease in existing home sales could potentially impact the SPY ETF, as it reflects the overall performance of the US economy.
The SPY ETF tracks the S&P 500, which is a broad representation of the US stock market and the overall US economy. A decrease in existing home sales could indicate a slowdown in the economy, which could potentially impact the performance of the SPY ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50