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February 13 - According to the Philippine Institute of Volcanology and Seismology, a 5.8-magnitude earthquake struck the southern waters of the Philippines at approximately 10:57 p.m. local time on February 13, with a depth of 10 kilometers. The earthquake is not expected to cause damage, but aftershocks are anticipated.Money markets expect a 40% chance of the European Central Bank cutting interest rates before December, compared to only a 30% chance before the release of US CPI data.Shares of Alibaba (BABA.N), NIO (NIO.N), and Baidu (BIDU.O) rebounded, narrowing their intraday losses.Pinterest (PINS.N) shares fell 23%, hitting their lowest intraday level since April 2020.February 13th - According to two sources familiar with the matter, the Federal Reserve is expected to appoint Randall Guynn as its new Director of Supervision. This Wall Street veteran with deep ties to the banking industry will take the helm of industry oversight. Guynn, a former partner at the law firm Davis Polk & Wardwell, has represented numerous major U.S. banks. He will succeed Michael Gibson, who announced his retirement last July after more than 30 years at the Fed. Since May 2025, Guynn has served as an advisor to Federal Reserve Governor and Vice Chairman for Supervision, Bowman. According to sources, Guynns appointment still requires a vote by the Feds seven-member Board of Governors. The exact timing of this closed-door vote is currently uncertain. He will continue to report to Bowman after assuming his new post. The selection of Guynn as Director of Supervision would mark a significant shift in the Feds personnel arrangements, a position previously held by long-serving Fed employees since at least 1977.

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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