Market On Close Imbalance: $1.7B To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the sell-side with $1.7 billion. This could potentially impact the overall market sentiment and the SPY ETF.
July 10, 2023 | 7:51 pm
News sentiment analysis
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NEGATIVE IMPACT
The sell-side imbalance of $1.7 billion could potentially impact the SPY ETF, as it is a broad market indicator.
The SPY ETF is a broad market indicator. A sell-side imbalance could lead to a decrease in the ETF's price as it indicates a bearish market sentiment. This is based on the assumption that the imbalance could lead to more selling pressure in the market, which could negatively impact the price of the ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75