Market On Close Imbalance: $300M To Sell-Side
Portfolio Pulse from Benzinga Newsdesk
A market on close imbalance of $300 million to the sell-side has been reported, indicating a potential short-term downward pressure on stock prices.
June 14, 2023 | 7:51 pm
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The $300 million sell-side imbalance may lead to short-term downward pressure on the SPY ETF.
A market on close imbalance of $300 million to the sell-side indicates that there is more selling pressure than buying pressure as the market closes. This can lead to a short-term downward pressure on stock prices, including the SPY ETF, which tracks the S&P 500 index. The impact on SPY is relevant as it is a broad market indicator, but the importance is moderate as it is a short-term effect.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50