that Archegos Capital Management had bet on caused well-known companies like ViacomCBS Inc. and Discovery Inc. to tumble.
If there is a unifying theme to all this, it is that investors big and small showed no fear of risk-taking to start 2021. In fact, they embraced it. Interest rates jumped this quarter, but they remain near historically low levels. The 10-year U.S. Treasury yield is around 1.7%, compared with 0.9% at the start of the year. Stocks
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