Oliver Renick and I had a good discussion about what caused (and didn’t cause) the equity market sell off in October 2018. I’m a market structure guy, not an equity strategist. But market structure certainly should be examined when thinking about why markets do what they do; in this case, the growth of passive investing […]
Tag: TD Ameritrade
Does passive investing have room to grow?
Volatility finally returned to the market in the first half of 2018, and by all accounts the market structure held up remarkably well. To date, the idea that unexpected market moves would trip up the ETF market – pricing, liquidity and more – have proven incorrect. Here I discuss that resiliency of the market and […]