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The U.S. State Department advises U.S. citizens worldwide to be more vigilant about security.US-Israel-Iran Conflict: ① Iran 1. Iran claims its domestically produced air defense system hit a US F-35 fighter jet. 2. Iran claims to have intercepted an F-15 fighter jet off its southern coast. 3. Iran attacks two locations in southern Israel, injuring 175 people. 4. Iranian drones attack Jewish military infrastructure at Ben Gurion International Airport in Israel. 5. Iran launches its 74th wave of strikes. The Iranian armed forces claim they have switched from defense to offense. 6. The Iranian parliament speaker warns of cracking down on financial institutions that fund US military operations. ② US 1. Bessenter: Sometimes, to de-escalate tensions, it is necessary to escalate actions. 2. US Treasury Secretary Bessenter stated that "50 days of rising prices could buy 50 years of Iranian denuclearization." 3. A poll by the US research group ARG shows Trumps approval rating at a record low, with a disapproval rating of 63% and a approval rating of only 34%. ③ Israel 1. An explosion is reported in central Israel, suspected to be an Iranian missile attack. 2. The Israeli military admits it failed to intercept an Iranian missile, resulting in over 100 injuries. 3. A fire broke out near Galilee in northern Israel, killing one person. 4. Netanyahu said he would directly strike the leader of Irans Islamic Revolutionary Guard Corps. 5. Netanyahu claimed that "all countries should join the military action against Iran." 6. Israel said Tel Aviv was attacked by Iran, injuring at least seven people. 7. The Israeli military confirmed that a rocket from Lebanon was fired at a community along its northern border, reporting injuries and property damage. ④ Other 1. Explosions were heard in Baghdad, the capital of Iraq. 2. British officials said they had not found any plans or capabilities by Iran to attack Europe. 3. Saudi Ministry of Defense: Detected three ballistic missiles launched towards the Riyadh area; one was intercepted, and the other two landed in uninhabited areas. 4. The Turkish Foreign Minister reportedly discussed measures to end the war with the foreign ministers of Iran and Egypt, US officials, and EU foreign policy chiefs in a phone call. 5. US media: Saudi Arabia is trying to prevent the Houthi rebels in Yemen from joining the war against Iran. ⑤ Strait of Hormuz 1. Iran: Allows non-enemy vessels to pass through the Strait of Hormuz. 2. Irans Revolutionary Guard proposed four measures in response to Trumps threats: complete closure of the Strait of Hormuz; attacks on all power plants, energy and information technology facilities; complete destruction of all US-owned companies in the Middle East; and attacks on power plants in Middle Eastern countries with US military bases. 3. Sources: Iran hopes to "monetize" control of the Strait of Hormuz, apparently referring to reports that each oil tanker would have to pay around $2 million to pass through the strait. Gaza Situation: 1. Israel launched airstrikes on several bridges in southern Lebanon. 2. Israeli military: Continues ground operations against key targets in southern Lebanon. 3. Hezbollah claims to have fired rockets into northern Israel, hitting military bases. Roscosmos stated that astronauts aboard the International Space Station will remotely control the Progress MS-33 cargo spacecraft to dock with the station, and they are ready to do so.March 23 - U.S. Treasury Secretary Bessant claimed that Russia will receive an additional $2 billion in budget revenue due to Washington easing sanctions on Russian energy operators amid the Middle East situation.March 23 - According to foreign media reports, Fannie Mae and Freddie Mac, the two major mortgage lenders controlled by the U.S. government, have reportedly begun purchasing large amounts of mortgage-backed securities (MBS) from the market to cope with widening bond spreads and increased market volatility. Sources indicate that these two semi-official institutions are attempting to take advantage of the market sell-off to further expand their already substantial bond and loan portfolios. Recently, U.S. President Trump instructed these two institutions to purchase $200 billion in mortgage-backed securities to enhance housing affordability.

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.