- Stocks fell on Monday due to the escalating debt crisis for Chinese property developer Evergrande.
- Seven strategists lay out whether the debt crisis is a contagion risk.
- They share positioning recommendations, including whether it’s time to buy the dip.
On Monday, stock market indices around the globe spent most of the day flashing red. The S&P 500 and Dow Jones Industrial Average experienced their worst days since last October with both indexes seeing more than a 5% intraday decline from their September 2 highs.
The key driver of the decline was the escalating crisis surrounding Chinese property developer, Evergrande.