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The reshuffle led to some stunning stats. The S&P 500 dropped 1% even as 400 of its members rallied. A version of the benchmark index that strips out market-cap bias surged 1.2%, beating the weighted index by the most since November 2020.
Huh? Seven years? Until 2022?Cathie was the flavor for seven years ... and then 2022 came.
Historically, quite a while, e.g., see 2017-2020:...
How long can Tech lead?
the median cap weight of companies that IPO (not tech specific) over the previous 20 years was around 100 million (adjusted for inflation). 2020/2021 it was 180 million. only 19% of IPO's in 20/21 were over 500 million in market cap.YBB,
Why bother buying and holding any index of small or mid caps? Tech companies go public these days as near large caps. So, very little growth potential left while in these indices. Seems like loss potential to zero and limited upside for components. The successful components graduate to SPY and the remaining unlimited potential is captured there. Seems like active is the only solution if one is itiching to buy and hold these caps.
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