Yes, that's the integral section of the article, but what it's really saying is that at least one component of this is the current cycle low in volatility and v

Yes, that's the integral section of the article, but what it's really saying is that at least one component of this is the current cycle low in volatility and volume. This is a classic wall st shakeout when the best capitalized firms that make it through the down part of the cycle come back much stronger when their market returns because their competition closed up shop. They haven't scared everybody away, they're just suffering a market downturn in volatility and volume right now. The robots win when people trade more and when prices move around more. When those conditions return, the robot party will be back on.