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US stock markets could see a massive spike in trading volume today, as the Russell indexes reconstitution takes place. The once-a-year process involves adjusting the list of stocks that makes up the indexes, with an estimated US$9 trillion in assets linked to those benchmarks. Bank of America is expecting “record-breaking changes” for this year’s episode, while Keefe, Bruyette & Woods estimates net trading to be around US$65 billion.This imminent reconstitution may have an outsized impact, due to the immense changes to the equities landscape amid the global pandemic, along with the... Read More

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