Fed's Daly Says People Are More Bullish On Retail Real Estate Than I Had Thought
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Bank of San Francisco President Mary Daly has stated that people are more optimistic about retail real estate than she had anticipated. This statement was made in the context of the recovery of the retail sector from the COVID-19 pandemic.
September 22, 2023 | 5:31 pm
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POSITIVE IMPACT
The statement by Fed's Daly about the optimism in retail real estate could potentially impact the SPY ETF, which includes real estate stocks.
The SPY ETF includes real estate stocks. Therefore, any news or statements that affect the outlook of the real estate sector, particularly retail real estate, could potentially impact the performance of the SPY ETF. In this case, the optimism noted by Fed's Daly could be a positive signal for the retail real estate stocks within the SPY ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50