Market On Close Imbalance: $1.5B To Buy-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the buy-side with $1.5 billion. This indicates a potential increase in demand for stocks at the close of the market.
August 29, 2023 | 7:52 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may experience an increase in demand due to the market on close imbalance leaning towards the buy-side.
The market on close imbalance indicates the net value of buy and sell orders at the close of the market. A buy-side imbalance suggests there may be more demand than supply, which could potentially drive up the price of assets like SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50