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July 6th - From July 2nd to 3rd, the National Data Administration convened a field meeting in Beijing on the National Data Elements Comprehensive Pilot Zones (with a focus on medical data circulation and utilization). The meeting summarized and exchanged experiences in building national data elements comprehensive pilot zones, promoted the safe, compliant, and efficient circulation and utilization of data resources in the medical field, and deepened the integration of Digital China and Healthy China initiatives. The meeting emphasized the need to further strengthen top-level design and mechanism innovation. Local governments should enhance collaboration between data management departments and health departments, improve incentive mechanisms, and mobilize the enthusiasm and initiative of hospitals, doctors, and market operators to create a positive cycle for medical data circulation.Ukrainian authorities say the Russian attack on Kyiv has killed three people.July 6 – The Kuwait Arab Economic Development Foundation announced on July 5 the establishment of the “Kuwait Emergency Response Fund,” with an initial capital of US$100 million. The fund aims to enhance the countrys capacity to respond to emergencies and exceptional challenges, and to support post-crisis social recovery and infrastructure reconstruction. According to Kuwaiti sources, Kuwaiti Foreign Minister and Chairman of the Board of Directors of the Kuwait Arab Economic Development Foundation, Al-Jalah, stated at a press conference on July 5 that the fund aims to establish an institutionalized emergency response financing mechanism to improve the countrys crisis response capabilities. Al-Jalah said that the spillover effects of the conflict between the United States, Israel, and Iran have impacted Kuwaits security and stability, necessitating further strengthening and unifying efforts from all parties to enhance the countrys capacity to respond to various exceptional circumstances. The fund will mobilize domestic funds to support the repair of infrastructure damaged in the conflict. Al-Waleed Bahar, Acting Director General of the Kuwait Arab Economic Development Foundation, stated that the fund will serve as a dedicated financing window, providing financial support to priority projects based on government needs.July 6 – The European Central Bank (ECB) announced on Monday that its Target 2 (T2) payment system, used for settling everyday payments and financial transactions, has resumed normal operation after a brief payment processing outage. According to the ECBs website, the ECB and financial institutions rely on the T2 system for large payments and receipts, ensuring seamless settlement in central bank currency. The ECB had earlier stated in an update to its operational status page that the T2 system was in a "non-mandatory maintenance window," causing a delay in the opening of the settlement window for euros and Danish krone.July 6th - Multiple explosions were heard in Kyiv, the capital of Ukraine, on the 6th local time. Kyiv Mayor Viktor Klitschko stated that five people have been injured in Kyiv so far. Earlier that day, multiple explosions were heard in Kyiv. The head of the Kyiv Military Management Department, Tkachenko, posted on social media that Russian forces were launching ballistic missiles at Kyiv. Local officials also posted on social media that a residential building had been hit by a missile, trapping residents inside.

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.