JEPI - How A 'Family' Hedge Fund Hurt Many Big Banks

• On March 25, the Archegos Hedge Fund asked firms handling its capital swaps to develop a strategy to liquidate its holdings, which is why many Chinese ADRs and media stocks sold off violently.
• The Archegos Hedge Fund fiasco is due largely to the fact that many big Wall Street firms did not know what positions the other firms had, so when they went to sell some big-name stocks, they "tripped" over each other.
• There is no doubt that the $1,400 stimulus checks and debit cards that were sent out in March boosted consumer confidence, which is now back at pre-pandemic levels. As a result, there could be a big surge in March retail sales.

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