"Just when I thought I was out, they pull me back in." - Michael Corleone, The Godfather: Part III
Chicken or egg?
For today's story, we know which one came first. However, we may never know for sure which one was the more prominent cause of the recent sustained spike in US stock volumes: A frictionless environment brought on by a zero-commission framework or a high-volatility market brought on by a once-in-a-century global pandemic?
Granted, there may be additional factors at play here. Like the gamification of market interfaces as . . .