Evergrande’s collapse has begun. The firm just entered technical default. by itself Evergrande is likely to default on more debt in value than the ENTIRETY of all assets that imploded during the entirety of the US subprime crisis.

 

Ouch.

The Dow Jones Transportation index is massively diverging from the S&P 500.

Just happens to be at the same time as the Chinese economy is having major issues.

Overall US stocks look poised to follow to the downside. pic.twitter.com/ZRGiFVucBl

— Otavio (Tavi) Costa (@TaviCosta) September 14, 2021

#Evergrande's collapse has begun. The firm just entered technical default.
Point of comparison: by itself Evergrande is likely to default on more debt in value than the ENTIRETY of all assets that imploded during the entirety of the US subprime crisis.t.co/nKQpQCANi4

— Peter Zeihan (@PeterZeihan) September 14, 2021

Short of 2008 I have never seen a market fail so many rallies in just 2-3 weeks.

I mean…every one slammed for 3 weeks now.

Very early to say this, but feels like a bear market might be brewing, one that lasts months to 1-2 yrs, not weeks….dependent on policy decisions.

— Endless Capital (@nunziato_frank) September 14, 2021

🤔 pic.twitter.com/oC0M4jWJPb

— Sven Henrich (@NorthmanTrader) September 14, 2021

 

Brace for ‘choppy’ market ‑Analysts trim S&P 500 earnings

China property giant Evergrande admits debt crisis as protesters besiege HQ Disgruntled investors voice anger at headquarters as company appoint

"The gap in consumer disposable income, higher inflation and lower wages in the U.S. could be cause for worry. The last two times we saw such a wide divergence, economic growth slowed to the point of a recession:" @VCignarella via @theterminal pic.twitter.com/MDwpMSCASc

— Lisa Abramowicz (@lisaabramowicz1) September 14, 2021