Tesla Rebalances the Market's Wheels, but Expect Bumps Ahead
Tesla Rebalances the Market's Wheels, but Expect Bumps Ahead The electric vehicle company gets included into the S&P 500 before the bell on Monday, and here's where I see good buys -- and some volatility. Dec 18, 2020 | 12:42 PM EST The S&P 500 is trading down around 0.5% at midday, while breadth is running just slightly negative. The action looks like it is primarily driven by the S&P 500 index rebalancing, which is pressuring a large number of stocks as the indexers make room for the addition of Tesla (TSLA) . The Russell 2000 fund (IWM) has now doubled off the March lows, but sm...