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June 12 - According to the Iranian Students News Agency (ISNA) on June 11, Tehran Mayor Abu Zarqaani announced that the funeral of the late Supreme Leader Ali Khamenei would be postponed until after the tenth day of Muharran (the first month of the Islamic calendar). Zarqaani stated that the funeral would both embody the continuation of the late Supreme Leaders ideals and express loyalty to the current Supreme Leader, Mojtaba Khamenei.Sources say Nvidia (NVDA.O) has hired veteran lobbyist Bruce Andrews as its head of government affairs in Washington, D.C. Andrews previously served as head of government affairs at Intel and as an official in the Obama administration.According to Irans Fars News Agency, Iranian forces prevented an uncoordinated "illegal oil tanker" from entering the Strait of Hormuz.Ceasefire Negotiations 1. Iran – ① Iranian Foreign Ministry: No final conclusion has been reached on the Iran-US agreement. All matters concerning the agreement are speculation. ② Iranian media: There is a high probability that Iran will approve the text. ③ Iranian Armed Forces: If the US attacks again, it will suffer a more violent response. 2. United States – ① Trump: The agreement is expected to be signed this weekend. The Supreme Leader has agreed to reach an agreement, and all parties in Iran have approved the US-Iran agreement; he refused to set a deadline for the agreement; once the agreement is signed, the US will lift the blockade. ② US media: The three major differences have been narrowed under Qatars mediation. 3. Israel – ① Israel: Trump promised that Iran would limit missile production and stop regional support. ② Israel was surprised by Trumps post. Israeli Prime Minister Netanyahu learned of this during a cabinet meeting. 4. Others – ① Sources say that dialogue on Lebanon and regional security will continue after the US-Iran agreement is reached. ② Pakistan, Qatar, Saudi Arabia, Egypt, and Turkey gathered to assess mediation efforts regarding the US-Iran situation. Strait of Hormuz 1. Iran – ① Iranian Foreign Ministry: The strait remains closed. 2. The United States—① U.S. Central Command: Since imposing the blockade on April 13, it has crippled 9 ships and forced another 135 to change course. ② Trump: The strait may open on Saturday or next Monday. ③ U.S. military: The Strait of Hormuz remains open to traffic. 3. Others—① Indian Ministry of Shipping: 13 Indian-flagged ships ran aground in the Strait of Hormuz; Indian Ministry of External Affairs: All three ships attacked were carried out by the U.S. Navy. Other situations: 1. Kuwait Civil Aviation Authority announced that flights suspended due to the Iranian attack have resumed. 2. According to Axios: The Israeli government expects to allocate more than $350 million over several years to relocate 61 newly approved settlements. 3. Bessant: Any damage to Gulf allies will be paid for with Iranian funds, and Iran will lose its ongoing zero-sum game. If necessary, the U.S. will withdraw funds from Iranian accounts.Nvidias (NVDA.O) annual shareholders meeting is scheduled for June 24, and individuals can participate online.

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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