106 days ago • Posted by Charles-Henry Monchau

Chart of the day: the first "crowd squeeze" in history has destroyed $3.7 trillion of global equities market cap last week

The Reddit army has destroyed $3.7tn in global markekt cap this week, equal to the GDP of Germany, as the Hedge Fund short squeeze creates contagion. Hedge Fund had to sell their long positions to fund their losses from short activities - source: Holger Z, Bloomberg 

Bloomberg Global Market Cap