The Kobeissi Letter(@KobeissiLetter):BREAKING: After falling -80% from its record high, Nike, $NKE, will be removed from the S&P 100 at the end of this month, ending a near 18-year run in the index. The stock has now erased -$230 billion in market cap since its all time high. A collapse for the history books.

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The Kobeissi Letter@KobeissiLetter

2026.09.05 19:21

BREAKING: After falling -80% from its record high, Nike, $NKE, will be removed from the S&P 100 at the end of this month, ending a near 18-year run in the index. The stock has now erased -$230 billion in market cap since its all time high. A collapse for the history books.