BREAKING: Citadel Absorbed BILLIONS worth of $SMH from Leo's Situational Awareness Fund on July 27th
Citadel is one of the largest dark-pool and block participants - Retail DOES NOT have access to these markets
This Story just got even Crazier:
In the days leading up to a full-book takeout it is common for the eventual buyer to:
-Test liquidity by absorbing pieces of the book
-Build inventory or hedge its own exposure
-Facilitate the primes’ marketing effort
So the dark-pool activity seems to have been Situational Awareness/primes selling partial exposure → Citadel days before the news was released
Then, yesterday, Citadel announced that they expected the Fed to hike rates, which sent semiconductor stocks spiraling MUCH lower
It is possible that Citadel was aware of Leo's dire situation from previous deals and deliberately slammed the tape lower to completely wipe him out and scoop up his books for cheap
EUROPEAN PARLIAMENT IN ‘FINAL STAGES’ OF TALKS WITH CHINA TO REMOVE SANCTIONS - SCMP
The European Parliament is in the “final stages” of discussions with Beijing about removing sanctions on its members, smoothing the way for normalised relations with the bloc, according to a spokesperson for the lawmaking body.
“Discussions with the Chinese authorities are continuing and in their final stages,” the spokesperson said.