#177 Mike Green: Passive Investing Has Turned The Market On Autopilot

The Julia La Roche Show

Michael Green, Chief Strategist and Portfolio Manager for Simplify Asset Management, joins Julia La Roche on episode 178 for a wide-ranging conversation on the economy and market.

In this episode, Mike Green discusses some of the implications of systematic and passive investment strategies and how they've led to the current market conditions.

Michael has been noted for his work as a market theoretician and financial media participant. He is a graduate of the University of Pennsylvania and a CFA holder.

Links:

Follow Mike on Twitter/x: https://twitter.com/profplum99

Read Mike’s Substack: https://www.yesigiveafig.com/

Visit Simplify: https://www.simplify.us/

0:00 Intro and welcome Mike Green

0:56 Macro picture

2:27 Markets

4:30 The Boomers always win

8:38 Assessment of the health of the economy

12:00 Reduction in hours, increase in part-time work

12:55 Impact of passive investing

20:40 Largest stocks most affected by passive flows

23:00 Everyone has become automated

25:17 How does this end? An accelerated reversal of the gains?

28:49 Perception of retirement wealth

31:00 Ponzi funds

35:30 Social security

37:00 Markets divorced from fundamentals

41:09 The Fed