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Market news: British Prime Minister Starmer will travel to Paris on Monday to attend a meeting of the Volunteer Union.Audis electric vehicle deliveries fell 6.3% to 95,016 units in the first half of 2026.Next week sees the release of Q2 earnings reports, with several major stocks including JPMorgan Chase (JPM.N), Morgan Stanley (MS.N), Citigroup (CN), Goldman Sachs (GS.N), Netflix (NFLX.O), and TSMC (TSM.N) releasing their results. On the economic data front, Chinas Q2 GDP annual rate, June trade balance, and June industrial output data will be released; US June CPI, PPI, and ADP nonfarm payrolls will also be available. Furthermore, the State Council Information Office will hold a press conference next week on the performance of the national economy in the first half of 2026; the Federal Reserve will release its Beige Book; and several Federal Reserve officials will speak next week. Please stay tuned. For a complete earnings calendar, please check the calendar section of the US-Hong Kong Telecom APP. Click to view...On July 10th, the Ministry of Industry and Information Technology released the proposed list of models for the "Catalogue of Energy-Saving and New Energy Vehicle Models Eligible for Vehicle and Vessel Tax Reduction and Exemption" (88th batch), which includes models such as the Xiaomi Pengcheng N70 and Xiaomi Pengcheng N90.On July 10th, R&F Properties (02777.HK) released its unaudited operating data for June 2026. The announcement showed that the Groups total sales revenue in June 2026 was approximately RMB 2.37 billion, with a sales area of approximately 679,100 square meters; cumulatively, as of the end of June 2026, total sales revenue was approximately RMB 7.35 billion, with a sales area of approximately 1,187,500 square meters.

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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