Tyb
PF: Early morning Brussels Intl departs
Italian AF IAM9002 A319President Sergio Mattarellaback to Rome
Greece AF HAF352B Falcon 7x back to Athens
German AF A319 back to Berlin
Czech AF CEF02 A295 Persuader back to Prague
They are not going to miss getting a Getty into WH.
Came close to Rockefeller in the 70s and they tried twice in a few weeks (Ford attempts)
Proves nothing statement king
>>21039450
>>21039479
>>21039485
Blah, blah, blah
Whatever you have to say
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Big Reshuffle of $71 Billion ETF Looms as Nvidia Surpasses Apple
(As a reminder and not mentioned in this article in Nvidia just completed a 10-1 split and over time, historically speaking, once a stock splits it is the kiss of death so it’s going to be loaded up in this ETF at potentially the wrong moment as it’s had a good run)
One of the world’s most prominent technology ETFs looks poised for a big rebalancing that would ramp up exposure to Nvidia Corp. (NVDA) at the expense of Apple Inc. (AAPL) – spurring billions of dollars in trading volume in one fell swoop. Barring an 11th-hour deviation from the methodology set out by index provider S&P Dow Jones Indices, State Street Global Advisors is on track to revamp the composition of its $71 billion Technology Select Sector SPDR Fund (XLK) after Nvidia’s market value closed above Apple on Friday. For months, XLK has held way fewer Nvidia shares even as the AI giant soared 166% year-to-date. When the chipmaker ranked in third place, it made up roughly 6% of the ETF’s assets, compared with 22% in the S&P 500 Information Technology Index. The ownership cap, imposed under diversification rules, has caused XLK to underperform massively this year. While S&P in theory reserves the right to make an exception, industry participants say the ETF is on track to be re-tooled when it enacts the quarterly rebalance near the end of June. On that basis, Apple and Nvidia are set to reverse their positions in the ETF with the former’s weight dropping to 4.5% and the latter rising above 20%, according to calculations sent by the index provider to three market participants familiar with the matter.
State Street stands to purchase $11 billion of Nvidia shares and dump $12 billion of Apple,one estimate shows. That’s not insignificant — the forecast sale in Apple shares is equal to the average daily trading value in the past three months. “By our calculation, the flip-flop between Nvidia and Apple will occur,” said Chris Harvey, head of equity strategy at Wells Fargo Securities. “This aligns the XLK ETF more closely with the momentum trade and semis. At the margin, it’s more dollars chasing a stock that does not need any additional help.”
A spokesperson for S&P declined to comment on potential index changes and referred Bloomberg News to the methodology.
https://www.bnnbloomberg.ca/big-reshuffle-of-71-billion-etf-looms-as-nvidia-surpasses-apple-1.2086183
Will make little to no difference in taxofornia.
But they already give it dems no matter what the real vote is.
Good stuff
o7