Potential rebound for S&P 500 if Chinese authorities ease Evergrande default contagion fears

US stocks had been pulling back gradually from record levels in recent weeks, but the pace of selling increased at the start of this week due to concerns that Chinese authorities might not step up to protect Chinese financial stability in the event of Chinese property developer Evergrande defaulting. But if Chinese authorities signal action on Wednesday when the long-weekend holiday ends and Chinese markets return, we could see a rebound in global (and US) equities.

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0:15 S&P 500