A few days ago before it became public knowledge that the hilariously misnamed "hedge" fund Situational Awareness, run by a 24-year-old German ultra liberal who was fired by OpenAI, and then launched a new career investing like the most degenerate Korean momentum chaser blew up in explosive supernova fashion as a result of massive leverage in a handful of high beta momentum stocks like Sandisk, AMD and Bloom Energy, we warned that someone was blowing up - as indicated by the surge in Total Return Swap funding rates - and told our followers as much one week before the Leopold Aschenbrenner news hit.
ok Archegos 2.0... you can come out now https://t.co/xtxZL8wNTZ
— zerohedge (@zerohedge) July 24, 2026
We just didn't know who it was...
Fast forward a little over a month when earlier this week we pointed out that in a very bizarre case of deja vu, it was as if Leopold had emerged from the career grave and was rerunning his entire high beta momo - with massive leverage - playbook.
Specifically, in "READ MORE AT SOURCE »
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