Wholesale Inventories (MoM) (Aug) -0.1% vs -0.1% Est.
Portfolio Pulse from Bill Haddad
The Wholesale Inventories for the month of August came in as expected at -0.1%.
October 10, 2023 | 2:00 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may be indirectly affected by the Wholesale Inventories data as it reflects the overall economic condition.
Wholesale Inventories data is a key economic indicator that can influence the overall market sentiment. As SPY tracks the S&P 500, it can be indirectly affected by this data. However, as the data met expectations, the impact is likely to be neutral.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50