My early two for Tuesday morning train WFH reads:
• Et Tu, S&P 500?: Robin Wigglesworth on the fascinating possibility that S&P index rules may be rewritten to accommodate SpaceX—the implications for passive investing and index integrity are enormous. (Financial Times) see also S&P Weighs Rule Changes That Would Speed SpaceX’s S&P 500 Entry: S&P Dow Jones is considering rule changes that would pav...
The strongest version of this narrative highlights systemic tensions across financial, geopolitical, and technological domains. The potential inclusion of SpaceX in the S&P 500 underscores how index rules—once rigid—may bend for market giants, raising questions about passive investing’s integrity. Iran’s economic leverage via oil markets reveals a shift from kinetic warfare to financial coercion, a pattern echoing historical resource-based power plays. Meanwhile, China’s strategic insulation fro...