I reckon we are about to have a large bank or fund collapse. There has been a huge amount of distressed selling today which makes me think something bad is coming. Not specifically for IIF, just a nasty surprise for retail investors.
What I find surprising is that the recent rise in the XAO should have taken some of the pressure off asset values / balance sheets but someone is distress selling regardless.
I reckon we are about to have a large bank or fund collapse....
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