alt Hacker News> It will absolutely be untenable to keep Anthropic , OpenAI and SpaceX off the S&P 500 with them also being the highest valued companies on the market.
Following the rules of passive indexes is the whole point.
Mēh! The passive indexes (biased to a momentum strategy, so not really passive - they are too big) may have had their day. The blatantly corrupt move to change the rules was clearly an attempt to game them, and even with out the rule change they will squeeze themselves through the rule gate with financial engineering
This will always be the trend in finance, the powerful manipulate the system to their benefit, the rest of us do what we can to survive....
>Following the rules of passive indexes is the whole point.
The whole point of these indices is to represent the market, the rules are unsustainable if they cause too big of a divergence from that goal.
> The blatantly corrupt move to change the rules
Why do you think nobody in the financial press is reporting on this blatant corruption? Is it because this conspiracy also includes all of the news media?