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Market news: The UK Financial Conduct Authority will announce a compensation scheme for auto financing on March 30.On March 24th, SenseTime (00020.HK) announced in Hong Kong that in 2025, the Group achieved total revenue of RMB 5.015 billion, representing a year-on-year increase of 32.9%, the fastest growth in nearly three years. In 2025, the Groups net loss narrowed by 58.6% year-on-year to RMB 1.782 billion, and its adjusted net loss narrowed by 54.3% year-on-year to RMB 1.956 billion, marking four consecutive months of accelerated loss reduction. EBITDA for the second half of 2025 was RMB 376 million, the first positive figure since the companys listing.On March 24th, Xiaomi Corporation (01810.HK) announced that its revenue from smart home appliances reached a record high in 2025, representing a year-on-year increase of 23.1%. Specifically, air conditioner shipments exceeded 8.5 million units, a year-on-year increase of over 24%; refrigerator shipments exceeded 2.8 million units, a year-on-year increase of over 4%; and washing machine shipments exceeded 2.3 million units, a year-on-year increase of over 18%. All three product categories achieved record-high shipment volumes. In 2025, Xiaomis home appliances officially entered the European market, covering countries such as Spain, France, Germany, and Italy.On March 24th, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, stated, "The war in the Middle East impacted the UK economy in March, causing economic growth to stagnate while inflation surged." Output growth in both manufacturing and services has slowed to an extremely sluggish level, with businesses directly blaming events in the Middle East for factors including heightened customer risk aversion, soaring price pressures, rising interest rates, and disruptions to travel and supply chains. Inflationary pressures have risen sharply due to rising energy prices and supply chain disruptions. The acceleration in manufacturing cost increases has been particularly severe, the most dramatic since the "Black Wednesday" devaluation of the pound in 1992. The overall economic and inflationary impact depends not only on the duration of the war but also on the length of disruptions to energy markets and shipping, and the March PMI data clearly indicates that downside risks to economic growth and upside risks to inflation are already present. The Bank of England faces a challenging period, needing to weigh these risks in policymaking, striving to curb a continued surge in inflation while ensuring that a tough interest rate outlook does not exacerbate the risk of recession.On March 24th, Xiaomi Corporation (01810.HK) announced that in 2025, the companys IoT and lifestyle consumer products business revenue reached a record high of RMB 123.2 billion, a year-on-year increase of 18.3%, with both domestic and overseas revenue achieving record highs. The full-year gross profit margin reached a record high of 23.1%, an increase of 2.8 percentage points year-on-year. In the fourth quarter of 2025, the IoT and lifestyle consumer products business revenue was RMB 24.6 billion, with a gross profit margin of 20.1%.

S&P 500 Price Forecast – Presidents Day Trading Almost Nonexistent

Jimmy Khan

Feb 21, 2023 15:28


Technical Analysis of the S&P 500

Monday's trading session saw the S&P 500 index closed, although there was some electronic trading in the futures markets. In the end, this market has been focusing on support that is close below, and Friday saw the formation of a nice-looking hammer. It is obviously encouraging and indicates that things may turn around as the consolidation process continues. For what it's worth, both the 50-Day EMA indicator and the 200-Day EMA indicator have gravitated toward the 4000 level below. Because of this, I think it will be extremely difficult to break down below the 4000 level. That's effectively your present "floor in the market," in my opinion.


Remember that the market is now influenced by earnings season, which is currently underway. At this point, I believe there is a chance for unpredictable behavior. Of course, there is also the possibility that the Federal Reserve will hold interest rates high for a longer period of time than expected. While the underlying economy is far from healthy, Wall Street has a tremendous capacity to see right past all of that, so do not be shocked at all to see Wall Street continue to increase. Stock dealers don't appear to be aware that inflation is still way too high.


If we were to break over the 4200 level above, that should be a level of interest, and if we did, I believe the S&P 500 might increase by another 100 points at that time. After that, a hypothetical 4500 level assault would be on the horizon. The next significant support level, which I see if we reverse course and go below that 4000 level, is the 3800 level, an area that has previously played a significant role.


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