Credit Trading on Snowball Associates https://snowballassociates.com/tags/credit-trading/ Recent content in Credit Trading on Snowball Associates Hugo -- 0.148.0 en Thu, 19 Mar 2020 06:13:00 +0900 Retail Investors Attempting to Catch a Falling Knife: A Mid-Crash Audit of Margin Debt, Forced Liquidations, and Cash-Rich Inflows in Korean Equities https://snowballassociates.com/structural_commentary/macro_trends/2020/200319_mid-crash_audit_of_margin_debt_of_korean_retail_investors/ Thu, 19 Mar 2020 06:13:00 +0900 https://snowballassociates.com/structural_commentary/macro_trends/2020/200319_mid-crash_audit_of_margin_debt_of_korean_retail_investors/ A data-driven market note tracking retail deposits, margin balances, delinquencies, and forced selling during the COVID crash, arguing that leveraged retail capitulation was accelerating even as cash-rich individuals continued to absorb equity supply.