The April 2024 market correction of 9% in three days reversed completely in one day with a 10.5% single-day gain, demonstrating the mechanical buying power of passive flows to absorb downturns—the 'music' of passive expansion continues indefinitely despite volatility.
factualpending
Speaker
Dave NodicEvidence Quote
“We sent the market down 9% over three days in April... It came back in one day. There's a 10 and a half% gain in the in a single day.”
Source
The Trillion Dollar Trap | Mike Green on Passive Investing's Fatal Design Flaw— Excess ReturnsCreated: 8/11/2026, 5:27:10 AM
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