Michael Green: Has Passive Investing Crossed The Rubicon?

About this episode

Michael Green discusses the implications of passive investing and market dynamics amidst geopolitical tensions and economic shifts.

Click the link http://kalshi.com/r/MOSES or download the Kalshi App and use code MOSES to sign up and trade today! Mike Green returns to discuss why U.S. equities hit record highs despite the Iran war and oil spike, arguing systematic 401(k) and volatility/trend strategies drove historic inflows and that markets had largely priced in fear via VIX, correlation, skew, and heavy hedging that later unwound. He critiques Nasdaq’s new low-float multiplier rules as boosting demand for IPOs like SpaceX/OpenAI and warns S&P’s proposal to waive profitability requirements could turn the index into a private-equity exit vehicle and alter its historical quality bias. Green views the Fed as mostly narrative-driven except during major rate shifts, faults data-dependence, and says inflation swaps don’t show a breakout, while high rates act as a fiscal transfer that reinforces a K-shaped economy. He explains passive bond indexing can underweight long-duration Treasuries, potentially motivating buybacks/yield-curve-control-like actions. The conversation also covers AI capex, emerging AI-driven job restructuring favoring older workers, and Bitcoin’s ETF-driven financialization and limited…

People in this episode

Host: Danny Moses

Guest: Michael Green

Topics covered

• passive investing
• U.S. equities
• market strategies
• inflation
• AI
• Bitcoin financialization

Keywords

• passive investing
• U.S. equities
• inflation
• AI capex
• Bitcoin ETF
• Nasdaq rules
• S&P proposal

Sponsors

Kalshi

Mentioned in this episode

Organizations: Kalshi, SpaceX, OpenAI, S&P, Fed, Bitcoin

Books & works: SubStack

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