Market On Close Imbalance: $1.2B To Buy-Side
Portfolio Pulse from Benzinga Newsdesk
The market on close imbalance is reported to be $1.2 billion to the buy-side, indicating a potential increase in stock prices.
June 16, 2023 | 7:51 pm
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The $1.2 billion buy-side imbalance may lead to a short-term increase in the price of SPY.
A buy-side imbalance of $1.2 billion indicates that there is more demand for stocks than supply, which can 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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IMPORTANCE 60
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