Stock Market Leverage in La-La Land, Rises to Historic WTF High
Estimated Reading Time: 2 minutes Archegos shows how leverage is the great accelerator of stock prices on the way up, and on the way down. One of its bets, ViacomCBS, after skyrocketing, collapsed by 60%. Vast, unreported, and at the time unknown amounts of leverage blew up Archegos Capital Management, dishing out enormous losses to its […]