USA Redbook (YoY) 4.6%; 6.5% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Redbook year-over-year growth rate has decreased to 4.6% from a previous 6.5%, indicating a slowdown in retail sales growth.
September 17, 2024 | 12:55 pm
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NEGATIVE IMPACT
The decrease in the USA Redbook YoY growth rate from 6.5% to 4.6% suggests a slowdown in retail sales, which could impact the SPY ETF as it reflects the overall market sentiment.
The SPY ETF, which tracks the S&P 500, could be affected by the slowdown in retail sales growth as indicated by the USA Redbook. This may lead to short-term market volatility as investors react to potential economic slowdowns.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50