[greeneyes]

BUCKLE UP:

A hedge-fund liquidation has wiped billions from Chinese and US stocks, and no one knows what’s going to happen next
Harry Robertson
Mar. 29, 2021, 02:33 PM

Credit Suisse and Nomura said on Monday that they could take big hits from their exposure to a US hedge fund.
The fund, reported to be Archegos Capital Management, triggered $20 billion worth of selling on Friday.

Some analysts said the selling could blow over, but others are worried it could have a wider impact.
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Two major banks have said they could face big losses from their exposure to a hedge fund, leaving traders and investors wondering what happens next.

Among the banks hit by the wave of selling was Credit Suisse, which said on Monday that it and other unnamed lenders were selling positions related to the fund. Traders were guessing about who was exposed ahead of the US market open.

Reports over the weekend said Archegos Capital Management had been at the root of about $20 billion worth of sales of companies such as the US media group ViacomCBS and several Chinese tech stocks including Tencent and Baidu.

Archegos manages the wealth of Bill Hwang, a protégé of the famous Tiger Management hedge fund who pleaded guilty to wire fraud in 2012. Its website has been taken offline, and the firm was unavailable for comment.

https://markets.businessinsider.com/news/stocks/archegos-hedge-fund-liquidation-wall-street-credit-suisse-nomura-goldman-2021-3-1030254463?op=1

[Bigg Red]

Wow! Is this the worldwide financial reset that Q has hinted at?

[RitaOK]

My British sources, for months, (here banned, of course) differ, but have already done chapter and verse on the “reset”.

Would have loved for someone else, here, to wade through those tutorials with me or splainy things for me.

Many times wanted to ask why the thread isn’t discussing this impending development.

American Q sources are dead on the subject. It’s absurd we are confined. Brits have a heavy hand, Black Hats and White Hats. Nice to know the difference. Simon seems to know, but the uncertain future is untold, as it does belong to God’s judgment.

Thanks for rolling the folks up to the window 🪟 at last.
Legally.