How Passive Flows Are Distorting Liquidity And Influencing Intraday Trading

How Passive Flows Are Distorting Liquidity And Influencing Intraday Trading

On Monday evening, we brought you some excerpts from a truly amusing new note from Wells Fargo entitled "Passive Is The New QE: The Buy-Side Is On A Seller’s Strike." In that piece we tied together what we've variously described as the "wave paradox" with the bank's contention that passive flows have effectively served as the equity market equivalent of QE, thus forcing active managers to participate in what's become a perpetual motion machine that drives stocks inexorably higher. Well,
Every story you need, no story you don't. It's that simple. Get the best daily market and macroeconomic commentary anywhere for less than $7 per month. Subscribe or log in to continue.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints