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Viewing post by Big_Mac

Big_Mac 1 month ago neutral
Well, S&P is adding AppLovin and Robinhood to the index. This move is going to force a lot of fund managers to buy into both names to track the benchmark, which is why they both have such large pops. But I don't know about this. Adding ever more high volatility tech stocks to the index just seems like pouring gasoline onto the simmering coals of an already frothy market. At some point tech is going to pull back, and the biggest index in the world is going to drop maybe even 50%.
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