Week 49 – Market ReCap
Breakdowns and Thoughts of Top News on the Market!
The news we have all been waiting for! Tesla is finally being included in the S&P 500 index on December 21st, 2020 after being snubbed back in September. Since the news was released after the market had closed on November the 16th, Tesla stock is up over 35%. Instead of chasing here, this video explains an opportunity that Tesla's inclusion into the S&P 500 will bring.
Many passively held ETFs will have to move large sums of money to generate cash to build up there positions in Tesla. Many analysts are predicting that $50 billion dollars worth will be bought. But what will they be selling in order to generate that cash. This has the potential to be the perfect opportunity to buy quality names to buy and hold.
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