Market On Close Imbalance: $570M To Buy Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is reported to be $570 million to the buy side, indicating a potential increase in stock prices.
June 07, 2023 | 7:31 pm
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The $570 million buy-side imbalance may lead to a short-term increase in the price of SPY.
The market on close imbalance indicates a higher demand for stocks, which may 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 price increase.
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