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On May 31, it was learned from China National Nuclear Corporation (CNNC) that the second unit of the "Super Carbon One" supercritical carbon dioxide waste heat power generation project, located in Liupanshui, Guizhou Province, successfully connected to the grid, marking the full completion of the worlds first demonstration project of supercritical carbon dioxide waste heat power generation technology. Once both units are operational, "Super Carbon One" will have a stable installed capacity of 30 megawatts.According to the Islamic Republic News Agency (IRNA), three offshore platforms at Irans South Pars gas field have resumed production.May 31 - According to Irans Fars News Agency, Iran unveiled a new type of attack boat on May 30, becoming a new symbol of the Iranian navys power.On May 31, it was confirmed by multiple sources that the "Plan for Further Deepening the Reform of State-owned Assets and Enterprises (2026-2029)" has been issued. Public information shows that since May, Shandong, Henan, and Hubei provinces have held provincial party committee standing committee meetings to study the work of deepening the reform of state-owned assets and enterprises in their respective provinces. Yuxi High-tech Zone in Yunnan Province, Peixian County in Xuzhou City, Jiangsu Province, and Etuoke Banner in Inner Mongolia have successively conveyed and studied the "Plan." At the central enterprise group level, China Electric Equipment Group held a 2026 Deepening Reform and First-Class Construction Work Conference on May 12. The conference required the entire group to thoroughly study and understand the contents of the "Plan" and formulate reform plans and reform ledgers that conform to the actual development of the group. All subsidiaries at all levels should, in accordance with the unified deployment of the group, systematically plan the next round of reform actions and go all out to promote a high-quality and high-standard start to the deepening reform.According to Irans Tasnim News Agency, Iranian Parliament Speaker Qalibaf stated that the task of diplomacy is to translate military victories into political and legal outcomes.

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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