RE: Important Macro27 May 2026 09:42
It's not really the S&P500 though, is it? To all intents and purposes it's the S&P7. And that huge weighting anomaly cascades down through all the index trackers and many managed funds. I suspect a slug of casual investors (and a lot of opportunistic funds) are primed for a dramatic reality check. Gold, meanwhile, sits there waiting, patiently, to absorb some of the spilled blood...