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Quant who said passive era is ‘worse than Marxism’ doubles down

Inigo Fraser Jenkins calls it a “dystopian symbiosis”: a feedback loop between index funds and platform giants like Apple, Microsoft and Nvidia.

Denitsa Tsekova

There was no obvious trigger. No policy shift. No data surprise. No earnings miss. Just a sudden wave of selling, and an equally abrupt recovery.

Stocks still ended the week with a tidy gain, but six days of volatility across assets shows a deeper anxiety taking hold: credit fragility.

The most aggressive traders have already moved on to riskier frontiers, such as digital tokens, leveraged ETFs, and prediction markets.