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According to the Syrian state news agency, the Syrian energy minister met with the Egyptian energy minister on Tuesday at the Global Energy Forum in Washington to discuss expanding cooperation in the energy sector.June 9th - Jan Felix Gloeckner, an analyst at Insight Investment, stated that the likelihood of a European Central Bank (ECB) rate hike on Thursday is virtually certain due to the lack of breakthroughs in the Middle East situation and the renewed escalation of conflict. In a report, the senior investment expert noted, "The latest forecasts from ECB staff are likely more inclined towards the adverse scenario presented in March, namely sustained inflation and a gradual slowdown in economic growth." Given that the energy shock is expected to last longer, Insight Investment believes there may be room for a second rate hike later this year. He stated that the market will be particularly focused on policy path guidance after June, and the ECB is expected to maintain policy flexibility.According to Axios: Sources revealed that the Trump administration is pressuring Europe to drastically adjust its infection prevention strategies, fearing that international travel could accelerate the spread of the Ebola virus as the World Cup is held in the United States.June 9th - UBTECH (09880.HK) announced that its consumer-grade humanoid robot brand, U-World, has received over 3,000 pre-orders for its full-size super-bionic humanoid robot on JD.com in just 8 days.Zhihui Mining (02546.HK): The companys Hong Kong-listed shares have been included in the FTSE Global Equity Index Series Micro Cap and the FTSE Global Total Index.

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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