Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's

market-moving events, along with the weekend's top news and analysis.

Hello, today is Sunday April 6th, and I'm your host, Kim Con.

Investors can be forgiven for looking at this week with trepidation.

Following President Donald Trump's announcements of new tariffs, a risk off Thursday and Friday, saw the

biggest two-day round in years. The S&P 500 slumped 10.53% over Thursday and Friday, leaving it

at 5,074.08 points. That level marks a 17.42% retreat from the index's most recent record

close. This was the biggest two-day decrease since the SMP slid 13.93% across March 11th and

12th, 2020. That crash came during the height of the COVID-19 pandemic and lockdowns across the

globe. Going further back to 2008, the S&P

notched a 12.42% fall across November 19th and 20th, 2008, in the wake of the collapse

of Lehman Brothers. The FD says hedge funds are experiencing their most significant margin

calls since the onset of COVID-19. Major Wall Street banks have demanded additional collateral from hedge fund clients whose portfolios suffered sharp declines in value.

Several large institutions have issued their largest margin calls in over four years, reflecting the scale of the market dislocation.

Allian's advisor, Mohamed El-Aryan says, the last few trading sessions were characterized by a significant

reduction in levered exposures and index holdings, as well as the sale of winners to fund margin

calls and actual anticipated outflows from funds.

The lack of immediate policy circuit breakers have amplified the adverse technical dynamics,

he said. Unsurprisingly, the result has been a generalized and quite

indiscriminate hit to asset prices, from stocks to gold, with most correlations converging

to one for now. While this has created pockets of value for investors able and willing to stomach

significant price volatility, the when is a much harder call given the extent of potential

...