The collapse in the junk debt market has triggered a serious crisis for credit investors and funds. According to a portfolio manager at a large American hedge fund, the market situation resembles a real massacre, where everyone is afraid of being in the epicenter of a new explosion.

According to the Financial Times, due to losses, investors have to close specialized structures, and staying at zero profitability is now considered the best result.

Experts warn that a similar large-scale crisis could spread to the stock market, as large hedge fund positions in technology giants from the Magnificent 7 list are now rapidly being sold off.

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