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WHAT’S GOING ON? Goldman Sachs and Morgan Stanley Reportedly Sold a Massive $19 Billion Worth of Shares in Chinese Tech and US Media Companies

Monday, March 29, 2021 By Stillness in the Storm Leave a Comment

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(Joe Hoft) What’s going on in the stock markets this weekend?

Related U.S. Stock Market More Overvalued Now than Right Before the Dot-com Crash of 2000

Source – The Gateway Pundit

by Joe Hoft, March 28th, 2021 

A massive sale of nearly $20 billion in stocks by Goldman Sachs and Morgan Stanley on Friday are causing market gurus to scratch their heads.

The RT.com reported today:

Goldman Sachs and Morgan Stanley have reportedly sold $19 billion worth of shares in Chinese tech and US media companies. Traders are now wondering what caused the unusually massive move and whether it will continue next week.

Goldman Sachs alone liquidated $10.5 billion worth of stocks in block trades on Friday, Bloomberg reported citing the investment bank’s email to clients. The first batch, that included $6.6 billion worth of shares of Baidu, Tencent Music Entertainment Group and Vipshop Holdings, was sold before the market opened on Friday. Later that day, the bank reportedly managed the sale of $3.9 billion worth of shares in American media conglomerates ViacomCBS and Discovery, as well some other companies, such as Farfetch, iQiyi and GSX Techedu.

Another US investment bank involved in the block trades, which are believed to have wiped $35 billion off affected firms’ valuations in just one day, was Morgan Stanley. The investment bank offered two batches of shares worth $4 billion each on Friday, according to the Financial Times.

While block trades, when sellers are looking for buyers for large volumes of securities at a price sometimes negotiated privately between the two parties, are a common thing, the scale of Friday’s moves raised eyebrows.

These are huge transactions at any time.  Experts are suspicious because of their size and the companies involved.

Will these transactions impact these stocks’ prices on Monday?  We think likely.

About The Author

Joe Hoft

Joe Hoft is the twin brother of TGP’s founder, Jim Hoft. His posts have been retweeted by President Trump and have made the headlines at the Drudge Report. Joe worked as a corporate executive in Hong Kong and traveled the world for his work, which gives him a unique perspective of US and global current events. He has ten degrees or designations and is the author of three books. His new book: ‘In God We Trust: Not in Lying Liberal Lunatics’ is out now – please take a look and buy a copy..

Stillness in the Storm Editor: Why did we post this?

The news is important to all people because it is where we come to know new things about the world, which leads to the development of more life goals that lead to life wisdom. The news also serves as a social connection tool, as we tend to relate to those who know about and believe the things we do. With the power of an open truth-seeking mind in hand, the individual can grow wise and the collective can prosper. 

– Justin

Not sure how to make sense of this? Want to learn how to discern like a pro? Read this essential guide to discernment, analysis of claims, and understanding the truth in a world of deception: 4 Key Steps of Discernment – Advanced Truth-Seeking Tools.


Stillness in the Storm Editor’s note: Did you find a spelling error or grammatical mistake? Send an email to [email protected], with the error and suggested correction, along with the headline and url. Do you think this article needs an update? Or do you just have some feedback? Send us an email at [email protected]. Thank you for reading.

Source:

https://www.thegatewaypundit.com/2021/03/going-goldman-sachs-morgan-stanley-reportedly-sold-massive-19-billion-worth-shares-chinese-tech-us-media-companies/

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Filed Under: News Tagged With: Chinese Tech, goldman sachs, Morgan Stanley, news, Shares, stock markets, The Gateway Pundit, US Media Companies

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