WHATS GOING ON AMC 🦍 and the meme basket family. Today, the world was hit with a surprise federal holiday on January 9th, seemingly out of thin air. People were left wondering why this sudden holiday was created and what could have caused it. Well, let me tell you, it's not all rainbows and unicorns. In fact, it's a sign of some serious fuckery going on in the financial world.

You see, behind all the glitz and glamour of Wall Street, there lies a dark and murky world of shady deals and questionable practices. And it seems like the chickens are finally coming home to roost. The recent holiday is just the beginning of what I predict will be a chaotic and tumultuous week. But let's start from the beginning. In case you haven't been keeping up with the news, there has been a lot of talk about a certain stock called GameStop (GME) and a little thing called a "short squeeze." In short (pun intended), a group of retail investors, led by Reddit's WallStreetBets forum, decided to take on the big guns of Wall Street and bet against their short positions on GME, causing the stock to soar to unimaginable heights. This move not only caught the attention of the financial world but also exposed the nefarious practices of hedge funds and investment banks.

Now, this is where things get interesting. It has been speculated that some of the major players on Wall Street, such as Credit Suisse (CS) and Nomura, helped hedge fund Archegos Capital Management amass massive short positions on GME and another struggling company, AMC Entertainment (AMC). In doing so, they also sold these toxic short swaps to other hedge funds and institutions, essentially creating a giant house of cards waiting to collapse.But why would they do such a thing, you ask? 

Well, it all comes down to risk-netting. These big banks and institutions often use OTC (over-the-counter) derivatives to hedge their positions and minimize risks. In this case, the toxic short swaps were used to offset any potential losses from the GME and AMC short positions. However, as we all know, the unexpected can happen, and it did in the form of the GME short squeeze.
Now, here's where the federal holiday and punch grit tone come in. It's all starting to unravel. The stars are aligning for a perfect storm on Monday, January 13th. Let me break it down for you.

Firstly, the US hits its debt ceiling on Monday, meaning the government will run out of money to pay its bills. This could lead to a government shutdown, which would have serious implications for the economy.
Next, the big BLS (Bureau of Labor Statistics) non-farm payroll (NFP) revision is due on Monday. This could potentially reveal a much weaker job market than previously reported, causing a stir in the market.
But the main event will be the forced delivery on the toxic short swaps related to AMC and GME. Essentially, this means that the banks and institutions who bought these swaps will now have to cough up the shares that were promised. And with the recent surge in GME and AMC stock prices, this could spell disaster for those holding the short swaps. But wait, there's more. 

Remember those pension and insurance companies that were sold these toxic short swaps? Well, they might be in for a rude awakening as well. These swaps are considered risky investments, and if they start failing, it could cause a pension/insurance crisis.And just when you thought things couldn't get any worse, there's an energy price shock looming in Europe. Due to a cold snap and issues with supply, energy prices have skyrocketed, which could have implications on the global economy.

So, there you have it.The financial world is on the brink of chaos, and we, as everyday citizens, can only watch as the big players scramble to hold their pants up.The lesson here? Be careful who you trust with your money, and always do your research before making any investment decisions. #AMC #AMCAPES #AMCARMY #AMCNOTLEAVING #AMCNEVERLEAVING #AMCTheatres #AMCSTOCK