Black Friday?
Tomorrow could be a black Friday for stocks and for crypto's. China's #2 property developer, Evergrande Group filed for Chapter 15 bankruptcy tonight/today over there. Word has it that the #1 property developer, Country Garden is also on the verge of collapse. These actions could (?) cause a contagion in our banking sector here as well. Keep your eyes on the PM's...if they go north as a safe haven for investors, crypto's may go there as well. Only time will tell...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.