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January 11 - Recently, the Hainan Provincial Department of Natural Resources and Planning and the Hainan Provincial Forestry Bureau jointly issued the "Implementation Opinions (Trial, Revised) on Promoting the Joint Approval System for Land Use, Forestry Use and Sea Use in the Province". The reform will promote the joint approval system for land use, forestry use and sea use throughout the province, deepen the integration of the departments business, further improve the efficiency of land use, forestry use and sea use factor guarantee for major projects, and reduce the cost of doing business for enterprises.On January 11th, US President Trump claimed on the 9th that the US needs Greenland, and if a deal cannot be reached "easily" on Greenland, he will have to take "difficult measures." These remarks have sparked concern among some NATO member states and European countries. According to reports from British media outlets such as the Daily Telegraph, military leaders from several European countries are drafting a possible NATO mission plan to counter Trumps threats. However, the reports also mention that the EU is drafting sanctions against US companies in case Trump rejects NATO deployment proposals. Tech giants like Meta, Google, Microsoft, and X, as well as US banks and financial companies, could be restricted from operating in Europe. Furthermore, a more extreme option could be expelling US troops from their bases in Europe, depriving them of key transit points for operations in the Middle East and elsewhere.On January 11th, Zhao Wei, Chief Economist of Shenwan Hongyuan Securities, stated at the China Chief Economist Forum Annual Meeting that the RMB has entered an appreciation cycle by 2025. He boldly predicts that starting in 2026, the RMB may maintain an appreciation rate of at least two to three percentage points annually over the next few years, resulting in a total appreciation of over 30% within approximately ten years. The stock market will also benefit during this process.On January 11, the South Korean presidential office, Cheong Wa Dae, stated regarding North Koreas claim of a South Korean drone intrusion that the government will investigate the facts and promptly release the results. Cheong Wa Daes National Security Office emphasized that the South Korean government reiterates that it has "no intention of provoking or provokering North Korea" and will continue to take concrete measures to ease tensions and enhance mutual trust between the two Koreas.January 11 - According to multiple US media reports on the 10th, US Secretary of State Marco Rubio spoke with Israeli Prime Minister Benjamin Netanyahu that day. Several sources familiar with the matter told these media outlets that Rubio and Netanyahu discussed the situation in Iran, Syria, and the Gaza peace agreement during their call.

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.