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Author: mungofitch ✹🐝🐝🐝🐝 SILVER
SHREWD   😊 😞
Number: of 15062 
Subject: Re: OT: NVDA
Date: 06/20/2024 2:05 PM
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No. of Recommendations: 14
You sure see a lot of weird effects when the tails of a few stocks dominate the dog of the market.

"After the close Friday, the XLK ETF will be rebalanced to drop Apple's 22% share down to 4.5% and increase Nvidia's 5.9% share up to 21.1%, based on Bloomberg estimates...
All told, Friday's rebalance should force $12.7 billion in Apple stock to be sold and $11 billion of Nvidia to be bought. That's close to the dollar amount of Apple shares that trade any given day, and about one-quarter of the dollar amount that Nvidia trades daily. In other words, these are material amounts."

from
https://finance.yahoo.com/news/nvidias-surge-revea...

Jim
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