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August 5th - According to South Korean media reports, a forecast indicates that South Korea will maintain its leading position in the global memory chip market until 2031, thanks to significant investments from companies like Samsung Electronics and SK Hynix. However, demand for high-bandwidth memory (HBM) is expected to rapidly expand from Nvidias graphics processing units (GPUs) to AI accelerators developed by large tech companies like Google. Josephine Lou, an industry analyst at the French market research firm Yole Group, stated at the 2026 Future Memory & Storage Conference in California on August 4th that South Korea will maintain its leading position in the memory industry until 2031. Lou pointed out that South Korea plans to double its wafer capacity within the next five years, and Samsung Electronics and SK Hynix have also increased their investments. Analysts indicate that as Samsung Electronics and SK Hynix simultaneously expand their next-generation DRAM (including HBM) and NAND production capacity and technology development, South Koreas advantage will continue.Chief Cabinet Secretary Minoru Kihara: The Bank of Japan is expected to adopt appropriate monetary policy to achieve its price target sustainably and stably, while working closely with the government.August 5th - The Ministry of Finance issued the fourth tranche of RMB treasury bonds for 2026 in the Hong Kong Special Administrative Region today (August 5th), with an issuance scale of RMB 15 billion.The main platinum contract rose more than 5% to 425 yuan/gram; the main palladium contract rose more than 5% to 319.45 yuan/gram.August 5th - The Ministry of Natural Resources announced that the National Marine Forecasting Center has issued a yellow alert for sea waves. Affected by Typhoon Dolphin (No. 13 of this year), it is expected that from the afternoon of August 5th to the morning of August 6th, the eastern part of the East China Sea will experience giant waves to very rough seas of 5 to 8 meters. The nearshore sea wave warning level is yellow. Vessels operating in the aforementioned sea areas are advised to pay attention to safety, and relevant coastal units are advised to take precautions against waves.

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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