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On August 31, the mayor of Chicago, the third-largest city in the United States, signed an executive order on August 30, expressing a "refusal to cooperate" with the Trump administrations plan to deploy a large number of federal law enforcement officers and National Guard troops to the city. Chicago Mayor Brandon Johnson, a Democrat, said the executive order indicates that the Chicago Police Department will not cooperate with federal National Guard and other law enforcement personnel in the city, including patrols, traffic stops, and checkpoints. He also instructed city police officers to wear formal uniforms and no face coverings to distinguish them from federal troops and avoid public confusion.According to RIA Novosti, Russian air defense forces shot down 21 Ukrainian drones at night.On August 31st, the China Securities Association reported that in the first half of 2025, all listed companies achieved operating revenue of 35.01 trillion yuan, a year-on-year increase of 0.16%. Second-quarter revenue reached 18.11 trillion yuan, a year-on-year increase of 0.43% and a quarter-on-quarter increase of 7.15%. Net profit in the first half of the year reached 3.00 trillion yuan, a year-on-year increase of 2.54%, an increase of 4.76 percentage points over the previous years full-year growth rate. Nearly 60% of companies in the market saw positive revenue growth, and over three-quarters were profitable. 2,475 companies saw positive net profit growth, and 1,943 companies saw both revenue and net profit growth.Joerg Kraemer, economist at Commerzbank: The recent strengthening of the euro, especially against the US dollar, is likely to continue in the coming months, which will reduce the price competitiveness of European products on the world market.Conflict Details: 1. Russian Ministry of Defense: Russian forces occupied Komishuvakha in eastern Ukraine. 2. The Ukrainian military said it attacked oil refineries in Krasnodar and Syzran at night. 3. The Ukrainian Air Force said Russia launched 537 drones and 45 missiles during the nighttime attacks. 4. Russian Ministry of Defense: Russia attacked Ukrainian businesses, rocket and aviation facilities, and military airfields at night. 5. The regional governor stated that Russias attack on Zaporizhia, Ukraine, resulted in one death and at least 24 injuries. 6. Russian Chief of the General Staff Gerasimov: Russian forces are continuing their offensive along all fronts, and the task of establishing a buffer zone along the border between the Ukrainian Sumy and Kharkiv regions is progressing smoothly. 7. Russia and Ukraine are engaged in fierce battles over the key cities of Krasnodar (also known as Pokrovsk in Ukraine) and Konstantinovka in the Donetsk region. Other Developments: 1. Hungarian Foreign Minister: The European Commission has become a "Ukrainian Commission," representing the interests of Ukraine, not those of an EU member state. 2. EU High Representative for Foreign Affairs and Security Policy Kallas stated that the return of frozen Russian assets to Russia is unthinkable unless Russia pays war reparations for Ukraine. 3. Ukrainian President Zelensky stated that Moscow exploited the lead-up to the summit to launch the attack and called for energy and banking sanctions. 4. Russian Chief of the General Staff Gerasimov stated that Russia controls 99.7% of Ukraines Luhansk region, 79% of the Donetsk region, 74% of the Zaporizhia region, and 76% of the Kherson region. 5. EU High Representative for Foreign Affairs and Security Policy Kallas stated that EU countries have been asked to submit proposals for new sanctions against Russia next week.

S&P 500 Continues to Threaten a Breakout

Alice Wang

Jul 20, 2022 14:50

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As we continue to pose a serious danger of a large breakthrough, the S&P 500 has surged pretty considerably throughout Tuesday's trading session.

Technical Analysis of the S&P 500

Due to the continued loud behavior, the S&P 500 has shown its bullishness throughout Tuesday's trading session. Given that the 3900 region runs all the way to 3950, this market will likely continue to be highly loud. Additionally, the 50 Day EMA is also nearing this region, and earnings season is already underway. Or, to put it another way, it's a jumble of issues waiting to happen.


Short-sellers will almost certainly seize on signs of tiredness because, to be honest, the economics does not indicate that this market should rise. Additionally, there are significant issues with liquidity, so you must pay great attention to it as well. Even if the economy does have some impact on the stock market, it really really comes down to liquidity, thus the Federal Reserve's restrictive monetary policy will also have some negative effects.


Wall Street has been pretending for a while now that the US economy has improved, so when it genuinely struggles, it should not come as a major surprise that they are trying to drive the market higher. Keep in mind that Wall Street and the economy are unrelated in any way. Having said that, we have a chance to advance all the way to the 4200 level if we do break over the 4000 level. I believe the trend has shifted above that point.


Alternately, if we go below the 3700 level, it's likely that we will reach the 3640 level, which previously served as a support zone.