Market On Close Imbalance: $562M To Buy-Side
Portfolio Pulse from Benzinga Newsdesk
The market on close imbalance is reported to be $562 million to the buy-side, indicating a potential increase in stock prices.
June 13, 2023 | 7:34 pm
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The buy-side imbalance of $562 million 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, resulting in a potential short-term increase in its price.
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