USA Redbook (YoY) 2.7% Vs 3.0% Prior
Portfolio Pulse from Benzinga Newsdesk
The latest USA Redbook data shows a year-over-year increase of 2.7%, a slight decrease from the previous 3.0%.

February 27, 2024 | 1:55 pm
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NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) may experience slight negative pressure due to the slowdown in year-over-year retail growth as indicated by the latest Redbook data.
The SPDR S&P 500 ETF Trust (SPY) is sensitive to economic indicators that reflect the health of the retail sector. A decrease in year-over-year growth, as reported by the Redbook, could signal a slowdown in consumer spending, potentially impacting the broader market and, by extension, SPY. However, the change is relatively minor, so the impact might not be significantly negative.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70