U.S. wholesale inventories jumped 1.3% in July—biggest monthly gain in a while. June also revised up to 0.3%. Meanwhile, the 4-week average for jobless claims ticked up to 205.5k.
Inventory builds can signal either restocking confidence or demand weakness. With claims still under 210k, labor market looks tight. But if inventories keep piling up without demand, that's a red flag for Q3 earnings.
$SPY $QQQ traders should watch whether this is strategic restocking or early signs of slowdown.
Inventory builds can signal either restocking confidence or demand weakness. With claims still under 210k, labor market looks tight. But if inventories keep piling up without demand, that's a red flag for Q3 earnings.
$SPY $QQQ traders should watch whether this is strategic restocking or early signs of slowdown.