Why was Michael Saylor’s Strategy snubbed by a S&P 500 secret committee?
Michael Saylor’s Strategy missed out on inclusion in the S&P 500 this Friday, sending MSTR tumbling almost 3% despite meeting every published criterion. Unexpectedly, commission-free trading app Robinhood was included, sending its stock soaring by 7%, and exposing how discretionary and secretive the selection process really is. The SPX is run by a ‘secret committee’ …
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