The $4 trillion liquidity drain

In March Nasdaq changed how companies enter the Nasdaq 100. Before, you needed 3 to 12 months seasoning and a 10% public float. Now its 15 trading days if youre top 40 by market cap, with no float requirement and no seasoning. SpaceX listed with a 4% free float, meaning almost no supply, yet an estiamted 22 to 27 billion in forced passive buying hit immediately. The same mechanics apply to OpenAI and Anthropic. These three companies are targeting 200 billion plus in a six month window. The entir