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A comment on SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P. Parent comment
However, the SP500 index is one of the few indices that is strongly represented in 401K plan options.
That changes its role from "communicate some metric about the market" to forced buying of the metric.
which makes changing the metric, especially in such a drastic way, consequential.
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However, the SP500 index is one of the few indices that is strongly represented in 401K plan options.
That changes its role from "communicate some metric about the market" to forced buying of the metric.
which makes changing the metric, especially in such a drastic way, consequential.