Here's your summary from CARSON BLOCK: How passive flows changed markets (https://www.youtube.com/watch?v=thDWGe02U0s) on the Bloomberg Television channel:

**TLDR:** Passive flows into index funds have significantly impacted stock prices, causing a disconnect between fundamentals and stock prices.

1. Flows into index funds play a major role in moving stock prices.

2. Stocks with significant passive ownership experience a decrease in supply, leading to inflated prices.

3. Inflows into passive funds result in purchases at any price, distorting the market environment.

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