• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to the Washington Post, the number of U.S. soldiers wounded or killed in the war with Iran has risen to 774.On August 23, the Syrian transitional government issued a statement strongly condemning Israels use of drones to attack a civilian vehicle in the Beitkin district of Damascuss rural province, Syria, on August 22, which injured several civilians.On August 23rd, at the 2026 Fudan University School of Management Science and Technology Innovation Forum, where NIO founder, chairman, and CEO Li Bin stated that this year is crucial for new energy vehicles, with fierce overall competition. The Chinese automotive industry is entering four new stages: the most brutal final stage, the stage of accelerated pure electric vehicle penetration, the transition from a period of brand confusion to a period of brand clarification, and the transition from single-point competition to systemic competition. Li Bin predicts that the next two years will be a critical period for determining whether a car company can keep up and whether it will be left behind.On August 23, according to Anhui Daily, Anhui Province recently introduced further concrete measures to support the cultural and tourism industry through financial means. The Provincial Local Financial Supervision and Administration Bureau and the Provincial Department of Culture and Tourism jointly issued "Several Measures for Financial Support for the Development of the Cultural and Tourism Industry," introducing 15 measures to accelerate the construction of a financial service system adapted to the development of the cultural and tourism industry and help make it a pillar industry. The measures explicitly support cultural and tourism enterprises in listing, refinancing, and mergers and acquisitions; encourage equipment upgrades through financial leasing, providing interest subsidies for eligible cultural and tourism equipment financial leasing businesses; and support cultural and tourism enterprises in utilizing ABS, REITs, and inter-institutional REITs to revitalize existing assets. In addition, the optimization of the financial ecosystem is being promoted simultaneously, including improving the level of financial services for cultural and tourism consumption and improving the construction of payment facilities in cultural and tourism scenarios.The Chilean Foreign Ministry announced that Chile will close its embassy in Iran on August 31, but will not sever diplomatic relations with the country. The ministry stated that this decision was also made "precautionary" due to the security situation in the Middle East.

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.