Category: Market Shocks
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The 90-Day Tariff Pause: Markets Whipsaw on Policy Reversal
A single social media post triggers the third-largest rally in S&P 500 history as Trump pauses the tariffs that had pushed markets to the brink of a bear market. Why the bond market forced the reversal, and what remains unresolved.
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Liberation Day Tariffs: Markets Plunge on Sweeping IEEPA Tariffs
Khan Capital | April 2025 Key Takeaways Part of: Tariffs & the Trade War — Khan Capital’s hub on tariffs and the trade war. Track all markets on TradingView On the afternoon of 2 April 2025, President Donald Trump stepped into the White House Rose Garden and signed Executive Order 14257, invoking the International Emergency…
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The Yen Carry Trade Unwind: How August 5, 2024 Shook Global Markets
The Nikkei crashes 12.4% in its worst day since 1987 as a 15-basis-point BoJ rate hike triggers the violent unwinding of an estimated $250-500 billion in yen carry trade positions. A masterclass in how hidden leverage and crowded trades can destabilise global markets.
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First Republic Bank Seized and Sold to JPMorgan
The second-largest bank failure in US history closes the acute phase of the 2023 banking crisis as JPMorgan absorbs First Republic’s $173 billion loan portfolio. Why the system survived but the competitive landscape has been permanently altered.
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Credit Suisse Emergency: UBS Forced Merger and AT1 Bond Wipeout
UBS acquires Credit Suisse for $3.2 billion as FINMA wipes out $17.2 billion in AT1 bonds, inverting the creditor hierarchy and sending shockwaves through the global CoCo market. What the largest AT1 loss in history means for bank capital markets.
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Banking Crisis 2023: Signature Bank, Silvergate, and Contagion Fears
Three US banks fail in five days as the crypto-banking nexus, interest rate risk, and social media-accelerated runs converge in the most acute banking panic since 2008. How the Fed’s emergency BTFP backstopped $600 billion in unrealised losses.
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Silicon Valley Bank Collapse: The Fastest Bank Run in History
The largest US bank failure since 2008 unfolds in 48 hours as $42 billion in deposits flee SVB in a single day. How a duration mismatch, social media-accelerated bank runs, and $600 billion in unrealised losses reshaped the banking landscape.
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UK Mini-Budget Crisis: When Fiscal Policy Breaks the Bond Market
£45 billion in unfunded tax cuts triggers the most violent gilt market sell-off in modern history, a pension fund margin call cascade, emergency BoE intervention, and the fastest fall of a Prime Minister in British history. A masterclass in how fiscal policy can break a bond market.
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Archegos Capital Collapse: The $30 Billion Margin Call
Khan Capital | March 2021 Key Takeaways Part of: Market Crises & Crashes — Khan Capital’s hub on market crashes and financial history. On Friday 26 March 2021, banks began liquidating billions of dollars’ worth of stocks after a single client, Archegos Capital Management, failed to meet margin calls on its leveraged equity positions. By…
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GameStop and the Meme Stock Revolution: Reddit vs. Wall Street
A Reddit forum, a dying retailer, and 140% short interest collide in the most extraordinary retail-versus-institutional market confrontation in modern history. How options mechanics, social media coordination, and commission-free trading reshaped the balance of power.