SFYF - Secondhand stonks? AMC's run hitting passive investors: At the Open

Like passive smoking in a bar, passive fund investors could be getting the impact of moves in AMC (AMC) and GameStop (GME), whether they plan to or not.While AMC's management is warning investors to steer clear of its shares at these levels unless they are prepared to lose it all, the meme stocks are having an outsize influence on indexes.DataTrek Research looks at what's happening with the small-cap standard Russell 2000 (RTY) (IWM) as market caps soar."You’d think that with just over 2,000 companies the Russell would be impervious to single stock moves," DataTrek says.But you'd be wrong for Thursday, they say.As of last night, AMC's Russell 2000 weighting was 0.82%. Its 17.9% decline yesterday translated into nearly 15 basis points down for the index.That would be 18% of the Russell's 0.84% drop yesterday."While these numbers may seem small, remember that we’re currently in a low volatility environment (VIX below

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Secondhand stonks? AMC's run hitting passive investors: At the Open