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Nasdaq 100 (NDX) special rebalance is unlikely to solve the concentration problem - Goldman Sachs
July 17, 2023 5:24 AM EDTGoldman Sachs strategist David Kostin weighed in on the upcoming Nasdaq 100 (NDX) Special Rebalance, aimed at tackling the indexs high level of concentration among seven big tech stocks.
The event will take place on July 24 with the weight of the largest 7 stocks in the index expected to drop by 12% (56% to 44%). Still, Apple (NASDAQ: AAPL) and Microsoft (NASDAQ:... More
