Evergrande Sell Off and Bitcoin

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After covering the Daily Dive # 060 Evergrand Real Estate Group last week, our biggest concern was the spread of the contagion to the Chinese economy and the global market. Since then, we have seen a tidal wave of Chinese market sales in the real estate sector, an increase in China bond yields and at the same time a larger S&P 500 correction. China’s junk bond yields continue to rise above their March 2020 high of 1%, while the Hang Seng Index has fallen an additional 35.355% since September.

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