Market On Close Imbalance: $3.2B To Buy-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is reported to be $3.2 billion to the buy-side, indicating a potential increase in stock prices.
June 21, 2023 | 7:51 pm
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POSITIVE IMPACT
The $3.2 billion buy-side imbalance may lead to a short-term increase in the price of SPY ETF.
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, potentially resulting in a short-term price increase.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50