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The Premier of Saskatchewan, Canada, stated that both sides need to maintain a broader objective in the Canada-US trade negotiations, namely reviewing and updating the USMCA (United States-Mexico-Canada Agreement).On August 14th, Freddie Mac reported that the average interest rate for a 30-year fixed mortgage in the United States fell to 6.67% from 6.69% a week earlier, ending a five-week streak of increases, but still remaining at its highest level in over a year. Latest data shows that the US job market is cooling, and the impact of the Iran war on inflation may be weaker than previously expected. US price increases slowed for the second consecutive month in July, with energy, gasoline, and food prices all declining from the previous month, and underlying inflation indicators falling to a five-year low. Combined with the jobs report, the market believes that US economic data is easing pressure on the Federal Reserve to raise interest rates in the coming months, with investors expecting a 25 basis point rate hike in September to decrease from 48% to 38%. However, stalled negotiations in the Strait of Hormuz have raised concerns about persistently high oil prices, and high interest rates and economic uncertainty continue to suppress housing demand. Data shows that US home sales in July fell 4.1% from June, reaching their lowest level in nearly two years.Market news: Ukraine has proposed a ceasefire in the Black Sea to Russia.According to Saudi media Alhadath: The Saudi Arabian Defense Minister met with the Chief of Staff of the Iraqi Armed Forces Command to discuss relations in the military and defense fields.On August 14th, it was learned from the China Geological Survey of the Ministry of Natural Resources that a research team from the Institute of Geology, Chinese Academy of Geological Sciences, has made new progress in their study of lunar soil samples from Change 6, providing new evidence for solving the mystery of the stark differences between the two sides of the moon. The research team believes that the clue to the drastically different lunar surfaces lies in the ancient impact that formed the South Pole-Aitken Basin. Research shows that this impact, after the consolidation of the lunar magma ocean, continued to profoundly modify the lunar crust and upper mantle, completely altering the local material composition of the far side. This research provides new scientific evidence for understanding the differences between the two sides of the moon and advances humanitys understanding of the moons complex evolutionary history.

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.