Rebalancing of portfolios
Those institutions who need to dump the shares, they dumped it at higher price when market opened. Then, those institutions who need to load up shares to balance their portfolios will do so in second half of the day (sweeping up cheaper stocks).
Maybe? Maybe not. Just my wild guess (not financial advice)![]()
$Apple (AAPL.US)$
$Microsoft (MSFT.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
Maybe? Maybe not. Just my wild guess (not financial advice)
$Apple (AAPL.US)$
$Microsoft (MSFT.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
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