@jacksdiningroom Ya but what really matters is the ingredients in the NYC pasta. It’s all crap! Eat pasta daily for a week in NYC vs Italy…I suspect you’ll gain 5-10lbs versus flat to down a bit in Italy. It tastes “better” for a reason…
@MitchGordon_@_RenegadeTrades The rebalance is once a year in June and the cutoff is usually end of May / early June. Will be close but likely 2027 event. Although there are also CRSP inclusion (vanguard) and all the S&P indices. This all could be 20-30% of shares out
Rule changes for the SpaceX $SPCX IPO:
Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5.
This forces over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations.
Bloomberg Intelligence estimates S&P 500 funds must absorb 19% of SpaceX's float within 6 months.
Russell 1000 and Nasdaq 100 funds will absorb 24%.
The rules built to protect passive investors:
1. S&P 500 has required 12 months of trading and 4 quarters of GAAP profitability since 2002. Both waived.
2. Nasdaq cut its inclusion window from 90 trading days to 15.
3. FTSE Russell cut its to 5.
All three benchmarks are now structured to buy SpaceX at IPO pricing.