Market On Close Imbalance: $2.5B To Sell-Side
Portfolio Pulse from Benzinga Newsdesk
The market on close imbalance is leaning towards the sell-side with $2.5 billion. This could potentially impact the overall market sentiment and the SPY ETF.

August 16, 2023 | 7:52 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The SPY ETF could be impacted by the market on close imbalance leaning towards the sell-side.
The market on close imbalance indicates more selling than buying, which could lead to a decrease in the price of the SPY ETF. This is due to the fact that the SPY ETF tracks the S&P 500, and a sell-side imbalance could indicate a bearish sentiment in the market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75