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On May 18th, Ed Yardeni, president and chief investment strategist of Yardeni Research, stated that as investors become increasingly concerned about inflation, the Federal Reserve needs to keep pace with the bond market or risk losing control over borrowing costs. He pointed out that given the current market environment is "no longer" suitable for an accommodative stance, the Fed should remove its dovish bias at its June meeting. "If the Fed fails to remove this bias, investors will conclude that the Fed is lagging behind the inflation curve and will demand a higher inflation risk premium," Yardeni said. "We expect the Fed to keep interest rates unchanged at its June meeting and shift to a tightening policy stance." Yardeni added that the current economic context no longer provides a reason for an accommodative bias, let alone rate cuts. Instead, he believes that a more hawkish Warsh than the market expects could actually benefit Trump by helping to suppress long-term Treasury yields.According to the National Bureau of Statistics, the price of second-hand residential properties in Shenzhen rose 0.3% month-on-month in April (up 0.4% in the previous month) and fell 6.5% year-on-year (down 7.0% in the previous month).According to the National Bureau of Statistics, the price of newly built commercial residential buildings in Shenzhen rose 0.1% month-on-month in April (compared to 0.2% previously) and fell 5.3% year-on-year (compared to -5.5% previously).According to the National Bureau of Statistics, the price of second-hand residential properties in Guangzhou in April increased by 0.2% month-on-month (previous value: +0.2%) and decreased by 7.9% year-on-year (previous value: -8.1%).According to the National Bureau of Statistics, the price of newly built commercial residential buildings in Guangzhou in April increased by 0.1% month-on-month (previous value: +0.3%) and decreased by 4.4% year-on-year (previous value: -4.7%).

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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