Archegos Given No Quarter
In this week’s episode of The Macro Setup, Guy and Dan discuss the S&P500 approaching all-time highs while the Russell and Nasdaq are in correction mode, bank stocks barely took notice of a multi-billion dollar hedge fund unwind that is likely to leave a hole in a few bank balance sheets. There is also a new high in 1yr yields, the USD trading at multi-month highs and bitcoin looks poised for a breakout. Brought to you by presenting sponsor IG US.
Joined by DailyFX Strategist Peter Hanks.
Follow the co-hosts:
Follow Dan Nathan @RiskReversal on Twitter
Follow @GuyAdami on Twitter