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FedEx (FDX.N) shares fell 5%, the biggest drop since early May.S&P Global Ratings: Spending in Spain is moderated due to slower growth.The German DAX 30 index closed up 359.11 points, or 1.46%, at 24,995.27 on Tuesday, June 30; the UK FTSE 100 index closed up 19.74 points, or 0.19%, at 10,503.96; and the French CAC 40 index closed up 36.66 points, or 0.44%, at 8,403.99. The Stoxx 50 index closed up 93.33 points, or 1.50%, at 6324.96 on Tuesday, June 30; the Spanish IBEX 35 index closed up 83.26 points, or 0.43%, at 19470.66 on Tuesday, June 30; and the Italian FTSE MIB index closed up 537.30 points, or 1.05%, at 51700.50 on Tuesday, June 30.June 30 – According to the Wall Street Journal, informed officials revealed that an internal power struggle in Iran is threatening the US-Iran peace talks: civilian leaders are seeking to unfreeze billions of dollars in assets, while hardline military officials are vying for control of the Strait of Hormuz. The civilian leadership, led by Iranian President Peshichizian, aims to unfreeze billions of dollars to alleviate the plight of millions of Iranians. However, other forces, including the now dominant Revolutionary Guard, have different plans. The Revolutionary Guard intends to maintain complete control of this crucial strait at all costs and plans to establish a lucrative toll system to both bolster the armed forces finances and dominate the security landscape of the entire region. The Revolutionary Guard has informed mediators that if they cannot obtain assurances in the Doha negotiations regarding Irans sole control of the Strait of Hormuz, they will close the waterway again. Furthermore, the organization has demanded that the United States and other countries abandon plans to allow ships to pass through the southern waters of the strait (closer to the Omani side).The U.S. Energy Information Administration (EIA) revised its March U.S. crude oil production estimate upward by 22,000 barrels per day to 13.718 million barrels per day. U.S. April crude oil production increased by 216,000 barrels per day from March, reaching 13.934 million barrels per 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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