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On August 17, according to the Iranian news agency IRNA, a spokesperson for the Iranian Foreign Ministry, in response to the US governments announcement of unprecedented sanctions against Iran (including a land blockade), stated: "These measures will not have any impact on Irans position. Whether in this war or over the past 50 years, the US has trapped itself in a vicious cycle of war, discrimination, pressure, and sanctions. If you recall, during the Democratic administration, the concept of so-called paralyzing sanctions was proposed, followed by the maximum pressure campaign during the Trump administrations first term. These actions demonstrate the inhumane nature of the Americans; they cut off our peoples drug supply, used every means to pressure Iran, and ultimately resorted to illegal military aggression, and are still suffering the consequences. Rest assured, these tried and ineffective old methods will not produce new results. Undoubtedly, not only now, but long ago, we prepared necessary contingency plans based on our assessment of various scenarios in which the US might continue to act maliciously against Iran in various ways. Iran will certainly use all means to deal with the new situation."Iranian Foreign Ministry spokesman Bagaei: It is regrettable that the United States has repeatedly broken its promises, just as it did in the Oman issue, and this time it has also damaged Pakistans mediating role.Iranian Foreign Ministry spokesman Baghae: As neighboring countries, Iran and Pakistan continue their bilateral relations. Pakistan is striving to use its capabilities to mediate between Iran and the United States.Iranian Foreign Ministry spokesman Bagaei: Iran will expand its economic and commercial relations with Afghanistan.Iranian Foreign Ministry spokesman Bagaei: Iran will not forget the crimes committed by the aggressors on Minabu, Ramold and Qeshm Island.

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.

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