EUR/USD 1.16143
0.134%
Gold 4669.22
1.907%
Oil 58.702
-0.940%
USD/JPY 158.049
-0.015%
GBP/USD 1.33958
0.121%
GBP/JPY 211.725
0.106%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 19th, Cui Dongshu of the China Passenger Car Association (CPCA) published an article stating that because the subsidies for replacing old passenger cars with new ones in 2025 are far lower than those for commercial vehicles, commercial vehicle subsidies will drive strong retail growth in December 2025, while passenger car subsidies will plummet. In 2026, commercial vehicle subsidies will remain extremely high, while passenger car replacement subsidies will decline by 20%-30%, putting significant pressure on passenger car consumption. He expressed hope for long-term, strong follow-up policies, such as tax reductions for car buyers, promotion of new energy vehicles in rural areas, streamlined C7 drivers license application process for economy electric vehicles, tax exemptions for compliant pure electric vehicles with a range of less than 200 kilometers, encouragement of car purchases for marriage, and encouragement of car purchases for childbirth, among other measures to stimulate car consumption and promote economic growth.Japanese Prime Minister Sanae Takaichi: Holding an early election will test the publics confidence in the alliance between the Liberal Democratic Party and the Japan Restoration Party.Japanese Prime Minister Sanae Takaichi: Strategic fiscal spending will increase employment and household income, thereby leading to higher tax revenue.Japanese Prime Minister Sanae Takaichi: My government will end the excessively austere fiscal policy.Japanese Prime Minister Sanae Takaichi: At the upcoming meeting, a bill with significant implications will be discussed.

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.

Suggestion