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The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 5.1 occurred near Gao County, Yibin City, Sichuan Province at 07:44 on July 9. The final result is subject to the official rapid report.On July 9th, at a press conference following the NATO summit on July 8th, US President Trump was asked why he had praised Iranian leaders last month as very rational, tough, intelligent, and easy to deal with, but now accused them of being distorted and pathological. Trump responded that it was because he "saw through Iran" and was "unsure whether to reach a deal with them." In answering a reporters question, Trump also claimed to be "number one on Irans assassination list." Trump further stated that he "does not believe there will be a large-scale, protracted war between the US and Iran" and that the conflict would "end quickly."1. Two Russian oil tankers were damaged in a drone attack. 2. The commander of the Ukrainian drone force in Kyiv stated that Ukrainian drones struck nine oil tankers belonging to Russias "shadow fleet" in the Sea of Azov last night. 3. South Korean officials: South Korea will provide $100 million in aid to Ukraine. 4. NATO announced several arms purchase and defense investment plans totaling tens of billions of dollars during the organizations summit, involving the development of counter-drone capabilities and drone procurement. 5. NATO summit statement: NATO allies pledged €70 billion in support for Ukraine by 2026. 6. US President Trump: Will work with Zelensky to explore what assistance can be provided to the country.US President Trump: (Regarding NATO) They had the opportunity to help us on Iran, but they chose to stand by. But we seem to have forgotten about it. Now, they are all eager to offer assistance on Iran.July 9th - According to foreign media reports, sources familiar with the matter revealed that AI chip startup Positron is in talks for a two-stage funding round, aiming to raise approximately $750 million. Positron focuses on developing high-efficiency inference chips for running AI models and is one of many companies seeking to challenge Nvidias dominance. The first stage of this funding round is expected to value the company at $3.5 billion, and the second stage could value it at approximately $5 billion. If the funding round is successfully completed, the companys valuation will more than triple in just five months. Positron has a large investor base, including Valor Equity Partners, Atreides Management, and DFJ Growth, as well as Arm and the Qatar Investment Authority.

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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