China is panicking:
Today, China announced that WIDESPREAD economic stimulus is coming in 2025, including raising their deficit.
Currently, parts of China's real estate sector are down -80% from their high and at 2008 levels.
Is China entering a recession?
(a thread)
There have been more declining than advancing stocks in the S&P 500 $SPY for 7 straight days.
The index is less than 3% off its peak.
That's happened twice before in the past 25 years.