Good Afternoon HDO FamilyThe market indexes are falling due to the likely collapse of Evergrande in China, which might have a material impact on the Chinese economy. Evergrande is the largest real estate company in China, and is expected to default on over $300 billion in debt. The US market is responding with a widespread sell-off of almost everything. Most of our picks are holding up better than the broader market, but in such a wide-scale sell-off nothing is spared. Market DirectionTo use a word that has become vogue, we expect this dip to be transient.
by Rida Morwa -
1 year ago
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