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Market Structure and the Passive Bid: Why the 2026 Downturn Defies Traditional Playbooks

The rise of passive indexing has fundamentally altered the S&P 500's reaction to volatility, creating a structural shift in market mechanics. With Goldman Sachs warning of heightened bear market risks from rising oil prices, investors are grappling with a landscape where traditional capitulation signals remain elusive.

Olivia DavisOlivia Davis
March 16, 202630 views
Market Structure and the Passive Bid: Why the 2026 Downturn Defies Traditional Playbooks
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