Panic Goes Missing In Archegos Flameout. Fed, Alcoholics Blamed
Monday was supposed to be the day when the purportedly systemic nature of Tiger Cub Bill Hwang's epic blow-up manifested in an equally dramatic broad-based equity rout. After all, such a breathtaking flameout surely deserved some follow-through. By Sunday evening, headlines claiming traders were "glued to their screens" garnered countless clicks across financial portals. The media promised a "volatile open." Alas, it wasn't to be. Sure, there were some fireworks, notably in shares of Nomura an
One thought on “Panic Goes Missing In Archegos Flameout. Fed, Alcoholics Blamed”
As a retired trader, my first thought last Friday was “where does the real problem lie”?. As Dennis Gartman always said: there never is just one Cockroach. If this was an “outlier”, where is the real problem stuff warehoused?