Marvell's S&P 500 Impact
"Now, it's going to be weighted at probably like 0.1% of the S&P 500 so don't get like too excited about this, but still that's a lot of money that will flow in, you know, hundreds of millions, maybe a few billion uh could easily flow into that uh based on that if it gets added to the S&P 500."
ℹ️ In shortAlthough Marvell will only be 0.1% of the S&P 500, its addition could lead to an inflow of hundreds of millions, or even a few billion dollars.
Predictions closed
For informational purposes only. Not investment, financial, legal or tax advice. Full disclaimer
… When a name gets added to the S&P 500 every passive index fund tracking the benchmark has to buy it. The SPDR ETF alone has 500 billion dollars in assets. Vanguard's has 1.3 trillion. Then add every pension fund, 401K, etc. Combined we're talking about trillions of dollars in passive flow that has to add Marvel to its waiting overnight. Now, it's going to be weighted at probably like 0.1% of the S&P 500 so don't get like too excited about this, but still that's a lot of money that will flow in, you know, hundreds of millions, maybe a few billion uh could easily flow into that uh based on that if it gets added to the S&P 500. Now, Marvell pre-market showing at 305. I am waiting on this one. I do not like buying an asset that is at a daily RSI of 88. Look how insane it is, man. This this stock, okay? This stock's at a daily RSI of [ __ ] 88. In crypto, Bitcoin, Ethereum, Solana are at the lowest RSI readings in [ __ ] history. Bitcoin second lowest in history. That's cr …
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