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Bright Smart Securities & Finance (01428.HK) continued to rise in the morning session, with the intraday increase expanding to 30%.March 13th - Pony.ai-W (02026.HK) announced on March 13th its integration with the "Tencent Mobility Services" mini-program. According to Pony.ai, starting immediately, within its operating area in Guangzhou, users can hail autonomous vehicles through this mini-program. Furthermore, this service will soon be available on the Tencent Maps app.Hong Kong-listed Bright Smart Securities & Financial Holdings (01428.HK) continues its upward trend, currently up over 27%.On March 13th, Citigroup analysts stated in a research report that global smartphone shipments may decline by 17% in 2026. They pointed out that due to weak demand caused by rising memory chip prices, Citigroup lowered its 2026 and 2027 smartphone shipment forecasts to 1.04 billion and 1.17 billion units, respectively. Citigroup stated that smartphone manufacturers will pass on some cost pressures to customers, and some manufacturers may face memory shortages. Citigroup expects Apple and Samsungs shipments to remain resilient, while Xiaomis shipments may decline by 13%. They added that shipments of other Android brands may also decline, mainly in the low-end smartphone segment.On March 13th, Hesai Technology announced an exclusive contract with NineSenses Intelligent for 200,000 LiDAR units. NineSenses Intelligents latest generation RoboVan will be equipped with Hesai LiDAR units as standard across the entire lineup. The two companies will jointly promote the deep application of automotive-grade LiDAR in L4 autonomous driving and unmanned logistics, accelerating the global commercialization of unmanned delivery services.

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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