News Snapshot:
Debt-ridden China Evergrande’s (EGRNF) woes are changing the game on Wall Street this week from “buy the dips” to “sell the peaks,” which usually marks the begging of a bear market. China’s real estate giant, Evergrande, warned it that it could be the subject of hostile media attacks. The campaign would have an impact on September sales and lead to large-scale sell-offs in bonds maturing in 2024. The sell-off reached other Chinese property and real estate companies by Friday, and things got worse. (See EGRNF stock charts on TipRanks) Then, there was a Globaltimes editorial over the weekend saying that...
