I think you over estimate the liquidity at spot prices. If you tried to buy 120$ billion dollars of stocks in one day you will cause price changes. Now imagine if that was concentrated in the Robinhood top 100?
You're right, prices is affected by lower volume, especially in smaller stocks like GME. But I don't assume that $120 billion was all spend in a single day on a single stock.
> Now imagine if that was concentrated in the Robinhood top 100?
Well, probably not evenly distributed. Most goes to the top ten, most probably to AAPL, TSLA, FB, MSFT and other big names. I just wonder: once invested, do people actively trade all the time to cause so much volume?
> Now imagine if that was concentrated in the Robinhood top 100?
Well, probably not evenly distributed. Most goes to the top ten, most probably to AAPL, TSLA, FB, MSFT and other big names. I just wonder: once invested, do people actively trade all the time to cause so much volume?