Block Trades Shake Up the Market and the Suez Canal Begins to Open

Futures have seen ongoing declines today as traders brace for a fallout from forced block trades. A major factor has been the revealing that Archegos Capital Management was behind this major $20 BIL spree of block trades last Friday, selling Chinese tech giants and US media firms. Many banks are said to be exposed to Archegos and investors wait wearily for any signs of an anticipated wide scale fall out.

 

Tune in to see what's moving Monday's market and where to trade to end up in green.