Market On Close Imbalance: $11M To Buy-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is reported to be $11 million to the buy-side, indicating a potential increase in demand for stocks.
June 20, 2023 | 7:54 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The $11 million buy-side imbalance may lead to a short-term increase in demand for stocks, including the SPY ETF.
The $11 million buy-side imbalance indicates that there is more demand for stocks than supply at the market close. This could lead to a short-term increase in stock prices, including the SPY ETF, as investors look to buy shares. However, the impact may be limited as the imbalance is not extremely large.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50