Exxon Mobil Exit From Dow Reveals S&P 500 Index St
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Posted On: 09/02/2020 5:23:38 PM
Exxon Mobil Exit From Dow Reveals S&P 500 Index Structural Flaws
Rather surprising?
https://seekingalpha.com/article/4371418-exxo...ent=link-0
Summary
Exxon joined the Dow Jones Industrial Average in 1928, entering the vaunted index before the violent market downturn that occurred alongside the Great Depression.
S&P Global made the decision to remove Exxon from the Dow Jones Industrial Average on Aug. 31, replacing the company with Salesforce.com.
Exxon has become a poster child of what's wrong with the S&P 500 Index structure, and ironically, its exit from the DJIA is marking the end of a golden era.
The structure of the market is broken today, and indexing is at the heart of the matter.
This article will examine that topic, looking back at some market history, and looking forward to the golden age of active investing.
This idea was discussed in more depth with members of my private investing community, The Contrarian. Get started today »
Rather surprising?
https://seekingalpha.com/article/4371418-exxo...ent=link-0
Summary
Exxon joined the Dow Jones Industrial Average in 1928, entering the vaunted index before the violent market downturn that occurred alongside the Great Depression.
S&P Global made the decision to remove Exxon from the Dow Jones Industrial Average on Aug. 31, replacing the company with Salesforce.com.
Exxon has become a poster child of what's wrong with the S&P 500 Index structure, and ironically, its exit from the DJIA is marking the end of a golden era.
The structure of the market is broken today, and indexing is at the heart of the matter.
This article will examine that topic, looking back at some market history, and looking forward to the golden age of active investing.
This idea was discussed in more depth with members of my private investing community, The Contrarian. Get started today »
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