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July 24th - The European Central Bank (ECB) is considering several options to alleviate its financial pressures, with discussions expected to enter a crucial phase this autumn. ECB President Christine Lagarde stated that policymakers will discuss raising minimum reserve requirements, i.e., increasing the proportion of funds commercial banks hold in non-interest-bearing accounts at the central bank. Furthermore, the ECB is also assessing options such as a tiered interest rate mechanism that no longer pays interest on some excess reserves, and charging banks fees. These measures aim to reduce the burden on national central banks and offset some of the losses from the stimulus policies of the past decade. The Eurosystem faces financial pressure due to the ECBs massive bond-buying program between 2015 and 2022, followed by rapid interest rate hikes in 2022-2023, which resulted in substantial interest payments to banks. Sources indicate that significant disagreements remain in the discussions surrounding this politically sensitive issue.Market news: Sources say European Central Bank (ECB) policymakers will discuss raising reserve requirements, tiered deposit rates, and fee mechanisms. Discussions surrounding the politically sensitive issue of the ECBs balance sheet losses are intensifying.July 24th - International oil prices continued to rise, with WTI crude oil surging 8.00% intraday to $93.87 per barrel. Brent crude oil surged 6.00% intraday to $96.11 per barrel.The head of the International Maritime Organization expressed serious concern about the pollution risks that may arise from the reported incidents in the Red Sea and previous incidents in the Strait of Hormuz region.Morgan Stanley raised its price target for Apple (AAPL.O) from $360 to $364 per share.

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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