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August 22 – According to the Iranian news agency IRNA, one of Iraqs most important demands to Tehran during Iranian Parliament Speaker Ghalibafs visit to Iraq was the issuance of special permits for Iraqi oil tankers to pass through the Strait of Hormuz. This request had been submitted to Iran multiple times through various channels. Despite Irans ongoing military operations and the severely deteriorated security situation in the Strait of Hormuz due to hostile actions by the United States, Iran ultimately decided to grant permits to some Iraqi oil tankers to pass through the strait.Iranian Revolutionary Guard Major General Safavi: We must seriously address the foreseeable and unconventional threats facing the country and design and produce intelligent, dynamic, and comprehensive deterrent forces.Iranian Revolutionary Guard Major General Safavi: The United States is launching a “joint and complex hostile operation” against all sectors of Iranian society.U.S. Democratic Senator Elizabeth Warren: Trumps war on Iran has driven up the cost of living for Americans. Trump promised to make life more affordable, but his economic agenda has left working families last.On August 22, Tesla announced on social media that it will hold a Cybercab launch event in Austin, Texas, on September 3, 2026. It is understood that in April of this year, Teslas self-driving electric vehicle, Cybercab, officially began production in North America. The company claims that the vehicle is AI-driven and requires no steering wheel, pedals, or rearview mirrors.

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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