Good morning (Post 1 of 2)
For those of us who invest in sectors, as of Friday, there's been a significant re-alignment between Tech and Finance. I've always disliked the fact that Mastercard and Visa were in Tech, well now they've been moved into Finance, perhaps where they belong.
LINK: Several Information Technology Companies Will Move to Other Sectors
"After the close on March 17, 2023, changes to the Global Industry Classification Standard (GICS®) structure will go into effect in GICS Direct and in S&P DJI’s indices. These changes will affect most sectors and will change what it means to be sector neutral. "
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