Cone8
 ( 28.25% )
- ago
Announced on 10 March 2023, Insulet Corp (NASD:PODD) will replace SVB Financial Group (NASD:SIVB) effective prior to the opening of trading on 15 March. With respect to Wealth-Data, we'll call it "today". (A backtest holding SIVB would have sold it on the close of its last trading day, 9 March.)

So here's a good example of survivorship bias in near real time. PODD is rescaled here to fit in the 10-year weekly SIVB chart. Pretty similar trend prior to about April 2022, but certainly a negative correlation since then!


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Cone8
 ( 28.25% )
- ago
#1
Announced yesterday: BG replacing SBNY in the S&P 500 tomorrow.

Look at the kick in the pants BG got today, up 14% at the moment from yesterday's close.

I'm starting to see a pattern in the banks since last April. It's almost like someone "knew". Nah, couldn't be.

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