Another prediction falls flat. The SP is in fact ~7.5% lower than when this was posted.
It is now 5.5% below where it closed after the results were released ($5.58 on Monday 30/8). All these predictions of breaking through $5.50 seeing shorters getting squeezed, pushing on to $8.00 (in this thread: https://hotcopper.com.au/posts/55612076/single) have all gone nowhere. Meanwhile, Mike sold some more shares this week.
Not up-ramping, not down-ramping, just presenting some facts.
Ann: S&P DJI Announces September 2021 Quarterly Rebalance, page-24
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