Drawdown Edition

When the Market Moves the Market: Drawdown Edition is the third installment of this series, reflecting on multiple dimensions of market structure and the capital markets landscape, including 1) the change in size and shape of different market structures amid whipsaw moves, 2) how this has impacted transparency, liquidity, and market breadth and depth, 3) the implications on capital formation and capital markets’ activity, and 4) what may shape the days and months ahead.