Front-Running the S&P 500? How Perpetual Preferred Stocks Are Outpacing the Market

Wall Street's latest open secret? Perpetual preferred stocks are quietly stealing the show—and possibly front-running S&P 500 inclusion.

The stealth playbook

While index funds plod along at market-weighted speeds, these hybrid instruments are sprinting ahead with dividend yields that laugh in the face of Fed rates. No maturity date? No problem—just perpetual outperformance.

Why institutions are whispering about pre-inclusion alpha

Smart money's loading up before the index committee even sends the meeting invite. The play? Capture the spread between current prices and hypothetical index-fund demand—because nothing says 'modern finance' like betting on other people's forced buying.

Another day, another loophole in plain sight. But hey—at least it's not another NFT rug pull.