S&P/CS HPI Composite - 20 s.a. (MoM) For December 0.2% Vs 0.2% Est.; 0.2% Prior (Unchanged)
Portfolio Pulse from Benzinga Newsdesk
The S&P/CS HPI Composite - 20 s.a. reported a month-over-month increase of 0.2% for December, matching both the estimate and the previous month's figure.
February 27, 2024 | 2:00 pm
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NEUTRAL IMPACT
The S&P/CS HPI Composite - 20 s.a. data for December may have a neutral impact on SPY as it met expectations without indicating significant changes in the housing market.
Since the S&P/CS HPI Composite - 20 s.a. data came in as expected, it suggests stability in the housing market, which is a component of the broader economy. However, as this was anticipated, it's unlikely to cause significant short-term movements in SPY, which tracks the broader market performance.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50