Retail investors’ stronghold takes over the S&P 500! Reddit (RDDT) officially included on August 18—celebration behind it and the real story of the money…
Brothers, I just saw a major U.S. stock market flash: S&P Dow Jones officially announced that Reddit (RDDT) will be formally added to the S&P 500 index before the market opens on August 18, replacing the acquired AVB!
The moment the news broke, the community exploded. Maybe a lot of brothers who only watch the crypto market haven’t realized what this means yet.
Once it takes effect, all trillion-dollar index funds tracking the S&P 500 (SPY, VOO, etc.)—no matter what the price is—will be required to mechanically buy RDDT shares in the market to fill the weight. This is an extremely hardcore liquidity blood pack!$RDDT
Brothers, I just saw a major U.S. stock market flash: S&P Dow Jones officially announced that Reddit (RDDT) will be formally added to the S&P 500 index before the market opens on August 18, replacing the acquired AVB!
The moment the news broke, the community exploded. Maybe a lot of brothers who only watch the crypto market haven’t realized what this means yet.
Once it takes effect, all trillion-dollar index funds tracking the S&P 500 (SPY, VOO, etc.)—no matter what the price is—will be required to mechanically buy RDDT shares in the market to fill the weight. This is an extremely hardcore liquidity blood pack!$RDDT