Market On Close Imbalance: $2.9B To Buy-Side
Portfolio Pulse from Benzinga Newsdesk
The market on close imbalance is reported to be $2.9 billion to the buy-side, indicating a potential increase in demand for stocks.
June 12, 2023 | 7:51 pm
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POSITIVE IMPACT
The $2.9 billion buy-side imbalance may lead to increased demand for stocks, potentially impacting the SPY ETF positively.
The market on close imbalance indicates a higher demand for stocks, which could lead to increased buying pressure. This may result in a positive impact on the SPY ETF, as it is a broad market indicator and could benefit from the overall market sentiment.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50