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Hong Kong-listed AI application stocks rose, with DeepTech (01384.HK) up over 21%, MyFT (02556.HK) up over 13%, Pony.ai-W (02026.HK) up over 10%, and Kingdee International (00268.HK) and Baidu (09888.HK) up 6.8%.On April 16th, Mao Shengyong, Deputy Director of the National Bureau of Statistics, stated at a press conference held by the State Council Information Office that the first quarter often serves as a bellwether for the years economic growth. The economy achieved a good start in the first quarter, demonstrating the characteristics of my countrys stable economic foundation, numerous advantages, strong resilience, and great potential. However, it should also be noted that the international environment may become more complex and volatile in the next stage, with increased uncertainties and unpredictable factors, and the domestic economy will also face some difficulties and challenges. Nevertheless, overall, opportunities outweigh challenges, and solutions outweigh difficulties. We have strong institutional advantages, and over the years we have accumulated long-term industrial, market, and talent advantages, making us fully capable of achieving stable economic operation and high-quality development throughout the year.On April 16, Mao Shengyong, Deputy Director of the National Bureau of Statistics, stated at a press conference held by the State Council Information Office that oil accounts for less than 20% of my countrys total energy consumption, while coal plays a stronger role in providing a safety net, accounting for more than 50%. In recent years, new energy sources such as wind and solar power have developed rapidly, and the proportion of non-fossil energy consumption has risen to about 20%. Overall, fluctuations in the international crude oil market have a relatively small impact on us.On April 16th, the FIFA president stated on Wednesday that "Iran will definitely come" to this summers World Cup in the United States. He said, "We certainly hope that the situation will be peaceful by then. As I said, that will certainly help. But Iran must be involved." Peace talks between Iran and the United States have not yet resumed, and the ceasefire agreement expires next week. Trump has stated that Irans participation in this summers World Cup is "inappropriate," as it could jeopardize the "lives" of the players. It remains unclear whether Iran will withdraw from the tournament.On April 16th, Mao Shengyong, Deputy Director of the National Bureau of Statistics, stated at a press conference held by the State Council Information Office that my countrys total fixed asset investment has exceeded 49 trillion yuan by 2025. Therefore, while the public is concerned about the scale and speed of fixed asset investment, they should also pay attention to its structure, efficiency, quality, and sustainability. my country needs to make more effective investments to promote the improvement of peoples livelihoods, the growth of new productive forces, and high-quality economic and social development.

S&P 500 Futures Continue to Consolidate

Cameron Murphy

Apr 20, 2022 10:22


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Technical Analysis of the S&P 500

During Tuesday's trading session, the S&P 500 dropped down slightly to indicate hints of weakness, but then rallied to challenge the 50 Day EMA. In the end, if we can break over the 50 Day EMA, we'll most likely go for the 4500 level. The market's break over the 4500 level opens the door to a move to the 4600 level, although that level is likely to be tough to reach at this time.


Keep an eye on the interest rate situation in the United States, which will continue to be a key issue, since we have seen so much in the form of a headwind for the stock markets. Keep in mind that the market is going to experience a lot of noise at best, so keep that in mind. I believe that if we break below the hammer from Monday's session, we will be able to break below the 4350 level, which would open up the 4300 level, and then the 4100 level.


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There are lots of unfavorable conditions out there that continue to work against a stronger stock market, so it's understandable that we'll see a lot more selling pressure in the future. If you notice symptoms of fatigue, I believe you should either purchase puts or take gains if you are a "long-only" trader. At best, the market is highly loud, so you should be wary of the volatility and keep your position size minimal.