This lines up with something I wrote right after the same reshuffle. The S&P 100 dropping Nike for SanDisk is really just the committee measuring price after the fact, not forecasting either stock. Your opportunity cost framing gets at a similar idea from the valuation side. Piece here if it's useful: https://theregimereport.substack.com/p/7th-sep-2026-the-list-is-written
This lines up with something I wrote right after the same reshuffle. The S&P 100 dropping Nike for SanDisk is really just the committee measuring price after the fact, not forecasting either stock. Your opportunity cost framing gets at a similar idea from the valuation side. Piece here if it's useful: https://theregimereport.substack.com/p/7th-sep-2026-the-list-is-written
Nike at 19x after an 80% drop still lost to a screen. You don't need 155 names. You need the few that compound.
https://paretoinvestor.substack.com/p/the-little-principle-that-beats-the-market
The Amazon GAAP earnings and FCF don’t represent reality now. Disappointing that is even on this article. Poor job.