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British Defence Secretary Healy: Our armed forces have been deployed to track and contain any malicious activity by Russian vessels.On April 9, Russian Foreign Minister Sergey Lavrov told the media that contacts between Russia and the United States regarding the Ukraine issue are still proceeding informally and confidentially. Lavrov stated that the US had offered to act as a mediator, but is currently preoccupied with other matters, and "for a long time, there has been no clear prospect of resuming dialogue." He explained that because the US uses the same group of people on all foreign policy fronts, dialogue on the Ukraine issue has stalled to some extent.On April 9th, Citigroup analysts wrote in a report that U.S. luxury credit card spending increased year-over-year in March, driven by continued strong spending from wealthier consumers. Luxury brand credit card spending rose 7% last month, marking the third consecutive month of growth. Analysts noted that spending increased despite heightened geopolitical tensions and macroeconomic risks, leading to subdued consumer sentiment. They estimated that luxury watches and jewelry were the segments with the largest increases in spending. Swiss watch groups and EssilorLuxottica are among the European luxury stocks most affected by the U.S. market. Analysts stated that Hugo Boss and Burberry are the two companies least reliant on the U.S. market.Kremlin: Russia will take measures to defend its maritime interests.On April 9th, the Ministry of Industry and Information Technology held a symposium on science and technology-based SMEs in Haikou City, Hainan Province. The meeting emphasized the need to improve the policy support system for enterprises, addressing the challenges faced by science and technology-based SMEs such as weak demand, talent shortages, financing difficulties, and slow commercialization. It stressed the importance of proactively aligning with effective innovation measures, boldly exploring solutions tailored to local conditions, guiding the efficient flow of innovation elements to enterprises, and promoting the introduction of more support policies covering talent, finance, industry, and technology. The meeting also emphasized the need to create a favorable innovation and entrepreneurship ecosystem, vigorously promote the spirit of scientists and entrepreneurs, foster an atmosphere that encourages exploration and tolerates failure, support science and technology-based SMEs in carrying out technological innovation around major national needs and cutting-edge technologies, identify and publicize exemplary entrepreneurs who have excelled in technological innovation and industrial upgrading, and encourage more young talents to join the innovation and entrepreneurship wave.

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.