Market On Close Imbalance: $1B To Buy-Side
Portfolio Pulse from Benzinga Newsdesk
The market on close imbalance is showing a $1 billion buy-side imbalance, indicating a potential increase in stock prices.
June 13, 2023 | 7:51 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The $1 billion buy-side imbalance may lead to a short-term increase in the price of SPY.
A buy-side imbalance of $1 billion indicates that there is more demand for stocks than supply, which can lead to an increase in stock prices. As SPY is a broad market ETF, it is likely to be affected by this imbalance, potentially leading to a short-term increase in its price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50