"Meanwhile, CNBC reported the selling pressure in some US media and Chinese stocks was linked to the forced liquidation of positions held by family investment office Archegos Capital Management"
Started digging but websites for Archegos Capital Management mentioned in the article aren't working.
"Meanwhile, CNBC reported the selling pressure in some US media and Chinese stocks was linked to the forced liquidation of positions held by family investment office Archegos Capital Management"
Started digging but websites for Archegos Capital Management mentioned in the article aren't working.
https://www.zerohedge.com/markets/traders-brace-shock-after-archegos-forced-liquidations
Biblical, you say ?
“...Archegos' name is a biblical Greek word meaning chief, leader, or prince, used in relation to Jesus.”
Looks like someone got a healthy dose of smiting for being so vain as to think he was God or Jesus.