Black Friday?

18 באוג׳ 2023

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...