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Short sellers have so far lost over $120bn this year! between their shorts on large cap tech stocks and also meme stocks. This brings many of these hedge funds closer to a margin call which is exactly what happened to Archegos.
Archegos had been borrowing money from banks (just like Citadel) and ended up being margin called.
the blackrock expose' has also garnered more interesting attention as the blackrock employee actually used to work for Citadel!
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Inspired by Graham Stephan, Meet Kevin, Andrei Jikh, Stock Moe, My Financial Friend, Kenan Grace, Trey Trades, Matt Kohrs, the Masked Investor, Lou vs Wall Street and more.
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