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On March 8th, local time, Iranian Islamic Revolutionary Guard Corps spokesman Naini stated that Iran has stockpiled a large-scale arsenal of weapons, including heavy missiles, ballistic missiles, cruise missiles, various types of drones, and attack vessels, sufficient to cope with a broad and protracted war, and there is no need to worry. Naini claimed that the Iranian armed forces have the capability to sustain a high-intensity war for at least six months at the current pace. The missiles currently in use are mainly first- and second-generation models. In the coming days, Iran will employ new attack methods, using advanced missiles with longer ranges and fewer deployments, which will pose a heavier and more targeted threat to adversaries.Israeli military: We have detected Iran launching a new type of missile.On March 8th, Wang Yi stated that President Xi Jinpings proposal to build a community with a shared future for mankind demonstrates the vision and broad-mindedness of a leader of a major power, answering the question of our time: where is humanity headed? It aims to tell the world that humanitys enemies are not each other, but war, poverty, hunger, and injustice. Overcoming these challenges cannot be achieved through individual efforts or by remaining isolated; it requires unity, cooperation, and global solidarity. Isolation leads to helplessness, while unity brings strength. People around the world are increasingly recognizing the contemporary value and power of the concept of a community with a shared future for mankind, which acts like a lighthouse illuminating humanitys path forward.On March 8, Wang Yi, in response to a question about building a community with a shared future for mankind, said that the Chinese people have always had a vision of a world where all under heaven are interconnected and pursue a world of great harmony. The great rejuvenation of the Chinese nation and the rise of a great power with 1.4 billion people will never replicate the old path of great power rivalry and expansion. Instead, we will unswervingly follow the path of peaceful development and promote all countries to jointly pursue peaceful development, building a world of lasting peace, universal security, common prosperity, openness and inclusiveness, and a clean and beautiful environment.On March 8th, Wang Yi stated that Taiwan has been Chinese territory since ancient times, and it has never been, is, or will ever become a "country." Taiwans return to China was a result of the Chinese peoples victory in the War of Resistance Against Japan and also a fruit of victory in World War II. A series of international legal documents, including the Cairo Declaration, the Potsdam Declaration, the Japanese Instrument of Surrender, and UN General Assembly Resolution 2758, have firmly established Taiwans status. Any attempt to create "two Chinas" or "one China, one Taiwan" internationally is doomed to failure.

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.