Market On Close Imbalance: $1.8B To Buy Side
Portfolio Pulse from Benzinga Newsdesk
The market on close imbalance is reported to be $1.8 billion to the buy side, indicating a potential increase in stock prices.
June 06, 2023 | 7:54 pm
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The $1.8 billion buy-side imbalance may lead to a short-term increase in the price of SPY ETF.
A market on close imbalance of $1.8 billion to the buy side indicates that there is a higher demand for stocks, which can lead to an increase in stock prices. As SPY is a popular ETF that tracks the S&P 500, it is likely to be affected by this imbalance, potentially resulting in a short-term increase in its price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80