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Market news: Over the past three months, Japan has reduced its holdings of U.S. Treasury bonds by $96 billion, bringing its total holdings down to $1.14 trillion, the lowest level since April 2025.August 2 - Armenian President Khachaturian signed a decree on August 2, appointing Pashinyan as Armenias new prime minister, thus securing Pashinyans re-election.The Russian Ministry of Defense stated that it had attacked infrastructure at the port of Mykolaiv in Ukraine and targeted two cargo ships carrying supplies to the Ukrainian Armed Forces, as well as a tugboat used to deploy underwater drones.August 2nd - The China Earthquake Networks Center officially measured a 4.8-magnitude earthquake at 22:31 on August 2nd in Xinghai County, Hainan Prefecture, Qinghai Province (35.34 degrees north latitude, 99.50 degrees east longitude), with a focal depth of 10 kilometers.August 2nd - Data shows that in July, Shanghai saw 2,796 transactions of commercial residential properties (excluding affordable housing), with new residential prices rising 0.96% month-on-month, ranking first in the country. Shanghais land auction market has also maintained high activity this year, with four plots seeing premium rates exceeding 35%. Industry insiders say that the high premiums for core plots highlight the long-term value of Shanghais core areas, and the hot land market is expected to further boost homebuyers confidence. In July, Shenzhens housing market also continued its active spring trend. Data from the Shenzhen Municipal Housing and Construction Bureau shows that in July, Shenzhens new commercial residential property sales reached 3,529 units, a year-on-year increase of 32.7%; second-hand residential property sales reached 4,795 units, a year-on-year increase of 3%, accounting for about 60% of total commercial residential property transactions. From January to July this year, nearly 6,978 new and second-hand commercial apartments were sold in the city, a year-on-year increase of 60.6%.

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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