EUR/USD 1.15035
-0.238%
Gold 4034.77
-0.398%
Oil 78.704
-5.334%
USD/JPY 156.969
-1.387%
GBP/USD 1.34244
-0.384%
GBP/JPY 210.726
-1.764%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to a Reuters White House correspondent, the U.S. Department of Energy is also expected to host an event this Friday focusing on workforce development. The event will include representatives from all 14 accredited mining colleges in the U.S., aiming to raise public awareness of mining as a career path and emphasize the need for more students to enter the field.On August 4th, Senate Minority Leader Chuck Schumer wrote: "Trumps illegal war on Iran is a gift to his oil allies who supported his campaign with campaign funds and promised huge profits. This has proven to be the only promise he has actually kept. Meanwhile, Americans are paying over $4 a gallon for gasoline and are burdened by ever-increasing energy costs."The memo shows that Citigroup (CN) has hired Rohan Sen from Bank of America to lead its technology services banking business coverage.On August 4th, the head of Amazons (AMZN.O) cloud business stated that customers are shifting from using the companys services to train AI models to integrating these models into their own business processes, driving increased demand for inference computing. Matt Garman, CEO of Amazon Web Services, said on Monday, "Were still seeing some companies using large training clusters, but as these models become more popular and powerful, more and more companies are integrating this inference capability into their workloads." He stated that the potential of the artificial intelligence business is "enormous," and the company will continue to increase capital expenditures to meet the growing demand. As the worlds largest provider of computing power and data services leasing, Amazon said last week that it expects capital expenditures to reach $220 billion by 2026, up from its previous forecast of $200 billion. The increased spending reflects rising prices for storage chips and other components needed for data centers.Boeing (BA.N) shares rose 5.6% after the Boeing 737 Max 7 received certification from the U.S. Federal Aviation Administration (FAA).

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.

Suggestion