Why are markets recovering after the Evergrande sell off on Monday?
According to Cramer the Evergrande debt issue will not create a chain reaction in financial markets because “despite what you heard in the press, the risk from Evergrande never really was systemic because everybody wants to do business with China, so they’re just willing to overlook losses.”
Some protection coming off based on news and techinicals – DIS, BAC, UAA, F.
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