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Why The Archegos Blow-Up Failed To Trigger Instant Mayhem
There was confusion (feigned and otherwise) to start the week around what I called the "missing calamity."
A margin call for the history books and the attendant unwind of positions built atop what Bloomberg described as one the world's biggest "hidden" fortunes, failed to trigger any index-level tumult coming off a weekend dominated by headlines promising broad-based chaos.
For my part, I was characteristically flippant: Sometimes you blow up.
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‘Argh Chaos!’ And The Biggest Mar
