If you have a retirement account you should really look at where you allocate your money. $SPY didn’t give in to pressure unlike $QQQ and others. $SPY won’t stuff their investors with unprofitable, probably overvalued, tech IPOs coming soon unlike the other major US indices
KBW out with a note
'S&P 500, 400 & 600 Methodology Unchanged Following Mega-Cap IPO Consultation"
Esentially means NO SPACEX $SPCX , Anthropic, Cerebras etc addition to those indexes for at least 12 months.
*S&P MULLS INDEX RULE CHANGES TO SPEED UP ADDITION OF MEGA IPOS*
This feels wrong to let unprofitable tech companies into the S&P 500 which everyone owns just to keep up with the QQQs, but that being said $VCX represents those names (Anthropic, Open AI, Spacex, etc..)