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Piper Jaffray: Lowered its target price for Netflix (NFLX.O) from $140 to $103.On January 21st, several securities industry professionals stated that the official opening of the Hainan Free Trade Port is a significant milestone in my countrys financial opening-up process, and securities firms have a significant role to play in this process. Currently, securities firms are deeply involved in the construction of the Hainan Free Trade Port through multiple paths, including cultivating local industrial chains, expanding cross-border asset management business, and assisting in state-owned enterprise reform. Beyond industrial empowerment, cross-border asset management is becoming another key area for securities firms expansion in Hainan. According to information on the official website of the Hainan Securities Regulatory Bureau, seven institutions, including Jinyuan Securities and Wanhe Securities, have already completed the registration for pilot cross-border asset management business in the Hainan Free Trade Port.On January 21, China Merchants Bank issued an announcement regarding the optimization of the implementation of the fiscal subsidy policy for personal consumer loans. According to the relevant provisions of the "Notice on Optimizing the Implementation of the Fiscal Subsidy Policy for Personal Consumer Loans (Caijin [2026] No. 1)," China Merchants Bank will provide services to eligible personal consumer loan customers and credit card installment customers under the adjusted subsidy policy starting January 1, 2026. Personal consumer loan customers who have previously signed the "Supplementary Agreement on Personal Consumer Loan Subsidy" will automatically be subject to the latest subsidy policy starting January 1, 2026. China Merchants Bank does not charge any service fees for processing personal consumer loans and credit card installment interest subsidies and has not cooperated with any loan intermediaries or individuals.January 21 – According to the press office of Sinopec, since the first widespread cold wave of the year, residential energy demand has continued to rise. From January 17 to 20, Sinopec supplied the market with over 800 million cubic meters of natural gas, with a maximum daily supply of 220 million cubic meters, setting a new record for this heating season. Among these, over 100 million cubic meters were supplied daily to six northern provinces and municipalities, including Tianjin, Hebei, Henan, Shandong, Shanxi, and Shaanxi.On January 21, local time, South Korean President Lee Jae-myung held a New Years press conference. Lee stated that the summit between the leaders of South Korea and China provided an important opportunity to improve bilateral relations. He pledged to explore mutually beneficial cooperation solutions by redefining the South Korea-China bilateral relationship and to continuously enhance mutual trust through cooperation in multiple fields. Lee also pointed out that this visit significantly broadened the prospects for people-to-people cooperation between the two countries, including cultural exchanges and tourism.

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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