Market On Close Imbalance: $135M To Sell-Side
Portfolio Pulse from Benzinga Newsdesk
The market on close imbalance is leaning towards the sell-side with $135M. This could potentially impact the overall market sentiment and possibly the SPY ETF.
August 14, 2023 | 7:51 pm
News sentiment analysis
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NEGATIVE IMPACT
The sell-side imbalance of $135M could potentially impact the SPY ETF, which tracks the S&P 500 index.
A sell-side imbalance indicates more selling pressure in the market, which could lead to a decrease in the price of assets, including the SPY ETF. As SPY tracks the S&P 500, a negative sentiment in the market could potentially lead to a decrease in its price.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75