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On June 8th, WeChat announced that it is officially providing developers with the ability to easily access the WeChat AI ecosystem. Users can now access AI application services in mini-programs through the WeChat AI Agent. Meituan stated that as one of the first internal testing teams, it had previously collaborated with the WeChat team to develop and test the integration. It is understood that in the future, users will be able to access local life services such as Meituan Waimai (Meituan Takeout) through the WeChat Agent, achieving a more intelligent and convenient AI-powered life service experience.On June 8th, KBRA Senior Director Ken Egan stated that further interest rate hikes by the European Central Bank could push the Eurozone economy towards unnecessary stagflation. In a report, he noted, "Reputation is paramount. While some tightening measures may be reasonably necessary to stabilize expectations, interest rates are a crude tool for addressing supply shocks, especially when growth momentum is weak." Egan stated that the recent rise in Eurozone inflation is driven more by external energy prices than by domestic overheating. He pointed out, "Confidence is very fragile, and if policy is over-corrected, the energy shock could potentially turn into a stagflation risk." The ECB is expected to raise interest rates by 25 basis points this week.U.S. Steel plans to invest up to $2.5 billion in its Montvalli plant.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 3.7 occurred at 21:39 on June 8 near Kangding City, Ganzi Prefecture, Sichuan Province (29.92 degrees north latitude, 101.96 degrees east longitude). The final result is subject to the official rapid report.Data from the U.S. Department of Transportation shows that fuel costs for U.S. airlines rose 78% in April, reaching nearly $6.5 billion.

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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