This is shaking the markets
[Recall Friday when we said “Something is wrong here” and described forced liquidations.]
Turns out it was “Archegos” which is now dead: as the FT reports, "the firm’s website is no longer available and the company did not return multiple requests for comment. The fund’s head trader in New York hung up the phone when contacted by the Financial Times."
Question is: Is the fire sale over??
As Bloomberg writes this morning [Sunday], global traders are bracing for what’s shaping up to be
"one of the most anticipated opens for U.S. equities in months" following an extraordinary $20 billion wave of block trades Friday that rattled investors worldwide.
https://www.zerohedge.com/markets/trade ... to+zero%29