S&P has historically been more conservative. My personal guess is they won't adopt all of the proposals.
> at the expense of large funds
At least that’s the general consensus, nobody would be worried about index funds buying stock if it looked like a good long term investment. Really the expectation that the stock price would tank is why there’s been a push to change the rules.
I sincerely hope S&P and Nasdaq rollback the SpaceX-targeted changes, but unfortunately I seriously doubt it.
Yes. And I see the argument for it. It’s hard to claim you represent the market if trillions of dollars are outside it for no reason other than newness or capital-structure weirdness. (I agree with excluding unprofitable companies.)
These indices have lots of competition. NASDAQ 100 lost basically zero money when they made these changes. If S&P makes them, I'm doubtful anyone will react either.
When S&P was still taking public comment, I put the link on HN. It got like two upvotes. This isn't something materially care about as much as like to get angry about on the internet.
Perhaps you got unlucky with the timing of your post, or title didn't grab attention in the /new feed compared to this post's. For all we know, whether or not they saw your HN submission, every critical commenter here may have also submitted a public comment to S&P.
The minimum marketcap for S&P 500 is ~23 Billion
The highest current marketcap of cannibas companiy is $3 Billion
> S&P has not finalized a rule change yet.
If you were responding to someone saying the benchmark indexes were changing their own rules?
Like the actual intent of the comment and not just observing reality like someone saying the sky is blue.
Not particularly. When I posted the request for comment to HN it got crickets [1].
Not enough people care about this. And the "safe" option has kind of shifted with the other index providers having moved first. That said, there were a lot of proposals and I'm not expecting all of them to be adopted.
B: but what about your emotions
Very glad to see HN stereotype being upended :)
That's a request for an opinion, not an emotion.