The Investment Thread
In short, someone, or rather several someones, bet and hedged hard on total economic collapse as a result of the COVID pandemic, using additional margin they were given due to said pandemic, and now it is coming time to pay the piper for the blunder, especially on securities like AMC and GME.
JP Morgan said this today.
Round 2 coming?
For greater context. They believe much of the entire market could squeeze. Not just the memes.
In short, someone, or rather several someones, bet and hedged hard on total economic collapse as a result of the COVID pandemic, using additional margin they were given due to said pandemic, and now it is coming time to pay the piper for the blunder, especially on securities like AMC and GME.