The passivity is a huge component of the inelasticity. The idea is that as the passive share of the market grows (i.e. money that doesn't move), the flows of the active share have a greater affect on price.The paper is I think just about total aggregate money flows into and out of the market and I would think apply regardless of whether they are invested passively or not.
Statistics: Posted by Beensabu — Thu Jan 22, 2026 11:04 am — Replies 43 — Views 6600