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August 19th - According to Zhipu, the GLM-5.3 API is officially launched today. The model excels at complex coding, defensive cybersecurity, and long-range tasks. Currently, GLM-5.3 is integrated with coding platforms such as ZCode and included in the GLM Coding Plan. The API is now open for use, and pricing remains unchanged from GLM-5.2. Model weights will be open-sourced next Friday.On August 19, Iranian Foreign Ministry spokesman Baghae denied that Iran had fired missiles at the United Arab Emirates, calling the UAEs accusations "baseless." Baghae issued a statement early that morning expressing regret over the UAEs accusations, stating that the UAEs actions violated the principle of good neighborliness and undermined current efforts to strengthen trust among regional countries and prevent the escalation of insecurity. Baghae said, "Given the continued malicious actions by the United States and Israel against regional peace and security, particularly their history of repeated false flag operations, the current situation is complex," and that regional countries should refrain from making baseless accusations against Iran. On August 18, the UAE Ministry of Defense stated that its air defense system detected two ballistic missiles launched from Iran, one landing outside UAE territorial waters and the other inside. Early on August 19, the UAE Ministry of Foreign Affairs announced that, given the continued escalation of the regional situation and its undermining of regional and international peace and security, the UAE had decided to suspend all trade, commercial, and financial transactions with Iran, with the resumption date to be announced later.On August 19th, Samsung Electronics announced that it will establish a FläktGroup HVAC production line in South Korea to capture a share of the rapidly growing HVAC market, including the production of advanced cooling solutions for AI data centers. Samsung plans to invest approximately 240 billion won (US$158 million) to build a 21,500-square-meter HVAC production line at its operations base in Gwangju, South Korea. The new production line is scheduled to be completed and operational by 2028, producing HVAC products from FläktGroup, which Samsung acquired last year. Samsung aims to make its HVAC business a new growth engine and to become a leading global player in the industry by 2030.Given the interplay of fundamentals and geopolitical news, oil prices are expected to continue fluctuating widely. A quick overview of the pre-market conversion prices of crude oil between domestic and international markets is provided in this chart.Driven by both weak US economic data and geopolitical tensions in the Middle East, global funds are rapidly returning to the gold market. A quick overview of the pre-market conversion prices of gold and silver in both domestic and international markets is provided in this chart.

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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