Guggenheim’s Minerd sees another Archegos-style blowup as ‘highly likely’

Bloomberg/Annie Massa and Sonali Basak/4-5-2021

“’It is highly likely that we are going to have another situation like that,’ Minerd said Monday in a Bloomberg Television interview. Major losses, such as those incurred by Archegos, ‘tend to continue to cascade until the market corrects and flushes the risk out of the system,’ he said.”

USAAGOLD note:  This article appeared at Bloomberg about the time that Credit Suisse, the Swiss bank, announced that its loss in the Archegos meltdown was $4.7 billion, not the $2 billion originally announced,