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June 29 - According to Iranian state television, Iranian officials stated that Iran did not participate in the technical negotiations scheduled for Sunday due to recent attacks and unfulfilled conditions.Russian President Vladimir Putin: Oil refineries should be maintained more quickly, and fuel imports should be arranged as soon as possible.Russian President Vladimir Putin: (Regarding the issue of Kyivs proposal to limit military operations) The Ukrainian Armed Forces want to limit military operations to four regions in order to redeploy troops.According to The Information, Baidus chip division, Kunlun Chip, plans to list in Hong Kong with a valuation of $50 billion. IPO investors must commit to purchasing chips equivalent to 3 to 7 times their subscription amount.On June 29, the Iraqi Foreign Minister stated his willingness to mediate between the US and Iran to end the war. Speaking at a joint press conference with the Iranian Foreign Minister in Baghdad, the Iraqi Foreign Minister said, "Iraq maintains good relations with both the United States and Iran, and we are prepared to cooperate with both sides to resolve this conflict." He added that Iraq had previously successfully established cooperative relations between Iran and the United States. He pointed out that despite the memorandum of understanding signed between Iran and the United States, the conflict in the Strait of Hormuz continues. He said, "The war must end because it will lead to the destruction of the entire region, not just one country."

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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