Market-On-Close Imbalance: $745M To Sell-Side
Portfolio Pulse from Benzinga Newsdesk
The market-on-close imbalance is leaning towards the sell-side with $745 million worth of stocks expected to be sold.
September 19, 2023 | 7:31 pm
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The SPY ETF, which tracks the S&P 500, may be impacted by the market-on-close imbalance leaning towards the sell-side.
The market-on-close imbalance indicates a higher volume of sell orders expected at the close of the market. This could put downward pressure on the prices of stocks, including those in the S&P 500 which the SPY ETF tracks.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50