Market On Close Imbalance: $489M To Buy-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the buy-side with $489M. This indicates a potential increase in demand for stocks at the end of the trading day.
September 05, 2023 | 7:36 pm
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The SPDR S&P 500 ETF (SPY) may experience increased demand due to the market on close imbalance leaning towards the buy-side.
The market on close imbalance indicates a higher demand for stocks at the end of the trading day. As SPY is a popular ETF that tracks the S&P 500, it is likely to be impacted by this increased demand, potentially leading to a rise in its price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50