We’ve become the Silicon Valley’s farm system. How a tax loophole backfired. English events in the capital just got better. Here’s what you should be reading: Light Weights If you thought the Tel-Aviv Stock Exchange couldn’t get any less relevant, you were wrong. The bourse’s recent changes in the mix and weighting of local stocks in its key metrics make it so the local indexes no longer represent the true nature of the market. In fact, one could interpret the move as forcing all of Israel’s capital markets to trade in smaller and less liquid stocks as to give the appearance of increased liquidity of those smaller stocks. Reading time: 3.5 minutes
TLV Strategist - Issue #2
TLV Strategist - Issue #2
TLV Strategist - Issue #2
We’ve become the Silicon Valley’s farm system. How a tax loophole backfired. English events in the capital just got better. Here’s what you should be reading: Light Weights If you thought the Tel-Aviv Stock Exchange couldn’t get any less relevant, you were wrong. The bourse’s recent changes in the mix and weighting of local stocks in its key metrics make it so the local indexes no longer represent the true nature of the market. In fact, one could interpret the move as forcing all of Israel’s capital markets to trade in smaller and less liquid stocks as to give the appearance of increased liquidity of those smaller stocks. Reading time: 3.5 minutes