Market On Close Imbalance: $180M To Sell-Side
Portfolio Pulse from Benzinga Newsdesk
A market on close imbalance of $180 million to the sell-side has been reported, indicating a potential short-term downward pressure on stock prices.
May 23, 2023 | 7:31 pm
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NEGATIVE IMPACT
The $180 million sell-side imbalance may lead to short-term downward pressure on the SPY ETF.
A market on close imbalance of $180 million to the sell-side indicates that there is a higher demand to sell stocks than to buy them. This can lead to a short-term downward pressure on stock prices, including the SPY ETF, which tracks the S&P 500 index. The impact on SPY is relevant as it is a broad market indicator, but the importance is moderate as it is a short-term effect.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50