CMIIU - Wall Street Breakfast: Archegos Implosion

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Archegos implosionWall Street is on tenterhooks as the fallout from a hedge fund implosion that roiled the stock market Friday moves to its second trading day.Traders will be “glued to their screens,” one portfolio manager told Bloomberg. Archegos Capital, the family office run by Bill Hwang that was pushed to liquidate, was forced to sell more than $20B of stocks on Friday after margin calls.Archegos, a biblical word that means “prince,” led to a tumble in ViacomCBS ([[VIAC]], [[VIACA]]), Discovery (DISCA) and Chinese internet stocks after a margin call.Hedge fund manager Bill Hwang formerly ran Tiger Asia Management, a spinoff from hedge fund legend Julian Robertson's Tiger Management. (106 comments) Financials weigh on futures The drop in bank stocks is weighing on stock index futures, which

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Wall Street Breakfast: Archegos Implosion