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On September 15th, British Prime Minister Burnham is considering whether to assist Saudi Arabia in dealing with attacks by the Houthi rebels in Yemen, as the UK is concerned that an escalation of the conflict could further impact global shipping and the economy. Sources familiar with the matter revealed that Saudi Arabia has made several requests to the UK, including diplomatic and military support. These requests include operational support for the Saudi military in responding to the Houthi advance along Yemens Red Sea coast towards the Bab el-Mandeb Strait, and assistance in defending against attacks on Saudi oil infrastructure. Reports indicate that Burnham has not yet decided whether to approve these requests. A British government spokesperson stated that the UK will work with its partners to support regional stability, but did not disclose specific measures. Sources said that British officials have informed Burnham that if the Houthis control the Bab el-Mandeb Strait, it will have a "catastrophic" impact on international shipping and could further impact the global economy by pushing up oil prices and inflation. Meanwhile, the UK is concerned that the Saudi East-West oil pipeline may take up to six weeks to resume operation. Burnham has agreed to send British military advisors to Saudi Arabia to support its operations. British Foreign Secretary Miliband previously stated that the UK "firmly supports Saudi Arabia and the internationally recognized government of Yemen."Sources say British Prime Minister Burnham is considering whether to help Saudi Arabia fight off attacks by Yemens Houthi rebels, as Britain fears the escalating conflict will increasingly damage the British economy.According to Al Jazeera, the Iraqi Prime Minister stated that Iraq will not become a launchpad posing a threat to its neighbors.U.S. Vice President Vance: We will permanently suspend the eligibility of 870,000 people to receive loans from the government.On September 15th, US President Trump stated that he hopes everyone understands that rising prices across the US are caused by "Sleepy Joe" Biden and his administration, not by "Trump." He added that even oil prices were higher during Bidens presidency, and that "we prevented Iran from acquiring nuclear weapons!" Aside from the temporary factor of oil prices, prices are falling significantly. Once the military conflict with Iran ends, oil prices will plummet like a falling rock, and this situation will not last long.

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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