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Forced Retirement Selling May Disrupt Santa Rally | Zed Francis
Forward Guidance
Active Versus Passive
Zad: How come we're not having a capitulations type where everyone is selling risk all over the place? Zad: If you if people were doing that, you'd have crashes and the VIX would be at 50. So there's two things. The balance has shifted dramatically towards passive over the last 40 years but pretty aggressively the last 10. Active guys are just always on. There's no decision. Like, you're just fully invested,. You know, you're off and running.
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