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The yield on German 2-year government bonds continued to rise, currently up 7 basis points to 2.72%, the highest level since June 11.Market pricing indicates that expectations for a European Central Bank rate hike have been revised upwards, with a 25 basis point increase now fully priced in before September.U.S. Treasury Department: The United States has imposed sanctions on Cuba.July 13 – Switzerland and the UK have reached an agreement on a revised free trade agreement, further strengthening ties between Western Europes two largest non-EU economies. The two countries announced the conclusion of negotiations on Monday, more than three years after they began. Building on the financial services agreement signed in 2023, the agreement aims to facilitate cross-border business operations for companies in sectors such as finance, technology, pharmaceuticals, and legal services. UK Business and Trade Secretary Peter Kehl and Swiss Federal President and Minister of Economic Affairs Guy Palmer jointly signed the agreement in Bern, emphasizing that enhanced data sharing and improved labor mobility will help attract investment from both countries. The UK stated that bilateral trade between the UK and Switzerland exceeded £50 billion (approximately US$67 billion) last year, with about £30 billion coming from trade in goods. Under the agreement, improved market access and reduced administrative barriers are expected to increase bilateral trade in services by £5.2 billion annually in the long term.July 13th - According to a CNBC report, industry analysts say that Chinese electric vehicle (EV) companies have surpassed American automakers in overseas investment. Data from the Atlas Institute for Public Policy, a US think tank, shows that between 2019 and 2025, Chinese companies announced nearly $101 billion in overseas investment in electric vehicle and battery projects, while US automakers similar overseas investment plans totaled only about $38 billion during the same period, making the former about 2.7 times the latter. Industry data shows that Chinese brands currently account for 80% of new electric vehicle sales in the Latin American market. In developed markets such as Europe and Australia, the growth momentum of Chinese brand electric vehicles is also very strong.

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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