CNBC Television published this video item, entitled “Ironsides’ Knapp on Archegos margin call: ‘It’s amateur hour on the Street'” – below is their description.
Some of the severe selling pressure in select U.S. media stocks and Chinese internet ADRs on Friday was due to the forced liquidation of positions held by the multibillion dollar family office, Archegos Capital Management, according to a source with direct knowledge of the situation. Gunjan Banerji, markets reporter at the Wall Street Journal’s Money & Investing team, and Barry Knapp, managing partner at Ironsides Macroeconomics, joined “Squawk Box” on Monday to discuss.
CNBC Television YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.