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July 5 - The European Parliament is considering a measure that could revoke the registration of the "Sovereign State Europe" group, led by the Alternative for Germany (AfD), and strip it of EU funding, as it is suspected of violating core EU values.July 5th - According to Russian and Ukrainian sources, from the evening of July 3rd to the early morning of July 4th, Russian and Ukrainian forces launched a large-scale attack on each others targets. The Russian military stated that four more settlements under its control in the Kharkiv region had been added. The Russian Ministry of Defense issued a statement on July 4th saying that in the past 24 hours, Russian forces attacked Ukrainian fuel, energy, and transportation infrastructure in 142 regions, as well as long-range drone production and storage facilities, and also struck temporary deployment sites of Ukrainian troops and foreign mercenaries. The statement said that Russian air defense forces also destroyed 10 Flamingo cruise missiles, 9 HIMARS rocket launchers, 16 guided aerial bombs, and 893 fixed-wing drones launched by Ukrainian forces.July 5 - According to Sputnik News Agency, a Geranium-4 drone operator destroyed a fuel storage facility in the Kharkiv region of Ukraine. The warehouse had previously been used to supply the Ukrainian army.Anthropic has begun preliminary research and development of its self-developed AI chip and is in talks with Samsung Electronics, planning to partner with them as a potential chip foundry. This move, similar to OpenAI, aims to strengthen its independent control over the costly computing hardware system that supports its large-scale models.Russian Ministry of Defense: Ukrainian army lost up to 1,350 soldiers in one day.

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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