Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
S&P: The trade deal between India and the United States should reduce uncertainty and boost confidence, which will boost India’s labor-intensive industries.February 2nd - The 2026 Spring Festival travel rush has officially begun. According to China Railway Shenyang Group Co., Ltd., the company expects to transport 24 million passengers during the Spring Festival travel rush, averaging 600,000 passengers per day, a 3.7% increase compared to the 2025 Spring Festival travel rush.February 2nd - Kelvin Lam, an economist at Pansen Macroeconomics, stated that South Koreas PMI data shows its growth narrative remains technology-driven. Production expansion and faster growth in new orders are primarily driven by external demand. Semiconductors are supporting the South Korean economy, benefiting from the AI investment boom and demand for data centers. "The upward cycle in the chip industry is unlikely to change direction in the short term." However, he also noted that non-chip sectors remain weak and underperforming, particularly the petrochemical and steel industries, which face intense global competition and oversupply. Lam further mentioned that the weakening won has increased manufacturers import costs, but they are only passing on a portion of these costs to downstream customers.The South African government announced that retail petrol prices will be reduced by 65 cents per liter in February.S&P: Indias general government fiscal deficit is likely to gradually decrease from 7.3% of GDP to 6.6% of GDP by fiscal year 2026.

S&P 500 Price Forecast – Stock Markets Continue to Struggle

Alice Wang

Jul 15, 2022 15:54

Technical Analysis of the S&P 500

Due to the ongoing pessimism, the S&P 500 has decreased somewhat during Thursday's trading session. At this time, it seems as if the market is prepared to go further, maybe attempting to approach the most recent lows at the 3637 level. In the end, this market should continue to see a lot of agitated behavior. I believe that fading rallies will remain a significant problem. The 50 Day EMA is now hanging in the general vicinity of the 3950 level, which serves as the ceiling at this time.


Ultimately, your indication to become engaged will be when you start to feel exhausted after brief rallies. Given the lack of global growth and the fact that inflation is still a problem, I do believe the downward trend will continue. Additionally, the Federal Reserve is rapidly tightening monetary policy, and as a result, a 100 basis point interest rate rise is being predicted. Due to the fact that the S&P 500 contains so many significant exporters, it is extremely probable that we will continue to see significant problems with the global economy.


In the end, a running season is approaching, so there could be some "hopium" waiting to happen, but after hearing J.P. Morgan declare, "We have never seen an economic scenario like this," during its results presentation, I don't think this earnings season will be cause for celebration. After a rally, I will suppress any indications of tiredness.

Suggestion