USA S&P/CS HPI Composite - 20 n.s.a. (YoY) For July 0.1% Vs -0.3% Est.; -1.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA S&P/CS HPI Composite - 20 n.s.a. (YoY) for July has been reported at 0.1%, beating the estimated -0.3% and improving from the prior -1.2%.
September 26, 2023 | 1:05 pm
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POSITIVE IMPACT
The better-than-expected USA S&P/CS HPI Composite - 20 n.s.a. for July could positively impact SPY, as it indicates a healthier economy.
The S&P/CS HPI Composite - 20 n.s.a. is a broad measure of the health of the economy. A better-than-expected figure suggests a healthier economy, which could boost investor sentiment and drive up the price of SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The positive USA S&P/CS HPI Composite - 20 n.s.a. for July could have a positive impact on XHB, as it suggests a healthier housing market.
The S&P/CS HPI Composite - 20 n.s.a. is a measure of the health of the housing market. A better-than-expected figure suggests a healthier housing market, which could boost investor sentiment and drive up the price of XHB.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75