A massive stock selloff rocks investment banks and Visa’s latest crypto move.
I forgot to talk about it, but Archegos had a lot of their positions in the form of swaps, which complicates the positions. Most likely he did this for easier leverage, tax efficiency, or secrecy. It seems more likely that he did this to hide the magnitude of the positions. My opinion is that it makes the unwinding even harder for the prime brokers.
Sign up for Morning Cents (free) and ROIC!
www.acouplecents.com/signup
All content in this episode is my opinions and personal research for entertainment purposes only. It does not represent financial advice, nor should it be construed as such.