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Hang Seng Index futures closed down 0.28% at 25,371 points in overnight trading, a discount of 100 points.According to official Colombian statistics, the death toll from the earthquake has risen to 304.August 19th - According to sources, with a new round of tariffs set to take effect on Wednesday, the Trump administration is lowering expectations for a last-minute agreement between the US and Canada to avoid additional tariffs. Sources indicate that the US is privately signaling a "50/50 or lower" chance of reaching an agreement on Tuesday. Both sides are facing a midnight deadline, at which point billions of dollars worth of Canadian goods will face 50% tariffs. It remains unclear whether these signals truly reflect progress in negotiations or are simply the US trying to increase its bargaining leverage. Trump has a history of making demands of trading partners at the last minute. Sources say Trump is expected to speak with Canadian Prime Minister Carney again on Tuesday. The two also spoke by phone on Monday.Sources familiar with the matter revealed that the US has reportedly lowered its expectations for reaching a US-Canada trade agreement on Tuesday. US President Trump and Canadian Prime Minister Carney are expected to speak again on Tuesday local time.On August 19, Rezaei, Secretary of Irans Supreme National Security Council, stated that Washingtons inability to reopen the Strait of Hormuz exposes the gap between the USs claimed control and its actual capabilities, marking the beginning of a "post-American order" in the Persian Gulf. Rezaei wrote, "The gap between the USs inability to reopen the Strait of Hormuz, yet its claim to control it, is greater than the 7,000-mile distance between Washington and the Strait of Hormuz." He added, "Welcome to the post-American order in the Persian Gulf." "Some dreams are too far removed from reality." This followed a post by US President Trump showing a map labeling the Strait of Hormuz as "new US territory."

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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