Corey Hoffstein is the founder and Chief Investment Officer of Newfound Research LLC, a quantitative research and investment fund. He is also the host of the “Flirting with Models” podcast. His most recent research is “Liquidity Cascades: The Coordinated Risk of Uncoordinated Market Participants.” In it, he examines three popular narratives about what is driving radical swings in markets, including: The increased role of the Fed The rise of passive and index investing The growth of volatility-correlated strategies He finds that, individually, none could explain the radical market shifts we’ve seen. However, when combined, they create a market incentive loop that is causing markets to move and react to exogenous shocks more quickly and aggressively than ever before. Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/us/podcast/coindesk-podcast-network/id1414384043 Spotify: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP?si=l3IxDgXsS0a2jXDWtt17Rg Google: https://play.google.com/music/m/Ivyodsqrugqedcfig6ungvp7t4i?t=CoinDesk_Podcast_Network Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW CoinDesk: https://twitter.com/CoinDesk #cryptocurrency #digitalfinance #finance Subscribe to CoinDesk on YouTube: http://www.youtube.com/subscription_c... Site: https://www.coindesk.com Facebook: https://www.facebook.com/CoinDesk Twitter: https://www.twitter.com/coindesk Instagram: https://www.Instagram.com/coindesk Newsletter: https://www.coindesk.com/newsletter/ CoinDesk Podcast Network: spotify:show:2jyIhkvAQhed8AWDZiPpSP Markets Daily Crypto Roundup: spotify:show:7sDXM8BlxsUqzL2IqmLqwE CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.