You beat me to it
@banerjem.
(Just one thing, though, don't get too excited, because many instos have systems that anticipate which stocks are going to be included in (or excluded from) market indices, so I we shouldn't expect too much incremental buying.)
Of course, one observation that I think is worth making is to compare the current circumstance of a coal company, whose share price is trading at a near all-time high because it is enjoying unprecedented levels of profitability, and is being included in pre-eminent equity market indices... with the kind of predictions that have been made for many years about the imminent extinction of the coal industry.
By way of just one example, this report from a decade ago, which I quickly Googled :
View attachment 4411168View attachment 4411171[Source:
https://carbontracker.org/wasted-capital-and-stranded-assets-press-release/]So, predictions of stranded assets and "economies suffering trillions of dollars of wasted capital" from continued investment in fossil fuels...
....compared to the reality today of the mother of all booms in prices for oil, gas and coal.
One wonders what the authors of that report - and thousands of others like it - are thinking today?
.
(20min delay)