Archegos Unwinds as S&P 500 Flirts with 4000

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 31 March 2021

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Mar31,2021: Real Vision editor Jack Farley welcomes Real Vision’s Weston Nakamura and Max Wiethe to the Daily Briefing. After briefly analyzing the day’s price action (U.S. equities surged as Treasury yields rose), they analyze the forced liquidation of Archegos Capital. Weston provides insight into the mechanics of the over-the-counter derivatives that were involved in the blow-up as well as big banks such as Goldman Sachs, Nomura, and Credit Suisse that were prime brokerages to Archegos Capital. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	A new energy-efficient boiler from British gas can save you up to 22% on gas bills.
0:04.9	That's a 22% saving on warm nights in.
0:08.7	Cozy cats.
0:13.1	And shower discos.
0:16.3	Save money with a new energy-efficient boiler from British gas.
0:19.4	And you can even spread the cost with up to four years interest-free credit.
0:23.0	Such British gas, new boiler.
0:25.1	Credit subject to status.
0:26.3	Credit broken utter lender using panel of lenders for saving sea website.
0:30.9	U.S. equity soar even as bond yields surge, plus a deep doubt on what's really going on with the
0:49.3	archivist liquidation.
0:50.9	Hi, I'm Jack Farley.
0:52.1	This is The Daily Briefing.
0:53.1	I have the pleasure of being joined by RealVision's Max Weethy and Weston Nakamura.
0:58.1	How are you doing, guys?
1:00.4	Doing well.
1:03.2	Well, glad to hear it.
1:05.1	So, let's start off.
1:06.7	What did you make of the price action today?
1:10.0	The Nasdaq surging, I think, as of now, we're feeling this about 340 pm,
1:15.1	2% for the day.
1:16.4	That on a day when U.S.
	...

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