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January 19th - The Sixth Session of the 16th Guangzhou Municipal Peoples Congress opened on January 19th. Guangzhou Mayor Sun Zhiyang delivered the government work report. The report mentioned accelerating the establishment of the Greater Bay Area International Commercial Bank.January 19th - The Sixth Session of the 16th Guangzhou Municipal Peoples Congress opened on January 19th. Guangzhou Mayor Sun Zhiyang delivered the government work report. The report proposed that in 2026, Guangzhou will strengthen basic livelihood security, develop industry-specific and regional enterprise annuities, and explore a shared development model for talent annuities. It will also optimize the supply system of affordable housing, raising funds to construct 30,000 units (households) of affordable housing.On January 19th, five departments, including the Ministry of Industry and Information Technology, jointly issued the "Guiding Opinions on Carrying Out the Construction of Zero-Carbon Factories." The "Guiding Opinions" propose accelerating the green and low-carbon transformation of energy consumption structures to achieve carbon reduction at the source. Under the premise of ensuring a secure energy supply, factories are encouraged to achieve zero-carbon electricity, heat, hydrogen, and fuel supply. They are also encouraged to develop and utilize distributed photovoltaic, distributed wind power, and biomass power generation according to local conditions, explore direct green electricity connections, and increase the proportion of renewable energy use. Factories with suitable conditions are encouraged to build industrial green microgrids, integrating photovoltaic, wind power, waste heat recovery, and new energy storage and high-efficiency heat pumps to achieve multi-energy efficient complementary utilization. The "Guiding Opinions" also encourage the active development of integrated green hydrogen, ammonia, and methanol projects, and promote the application of clean and low-carbon hydrogen, such as industrial by-product hydrogen and hydrogen produced from renewable energy.January 19th - The State Council Information Office will hold a press conference at 3:00 PM on Tuesday, January 20th, 2026, where Vice Minister of Finance Liao Min will introduce the relevant situation regarding leveraging the role of proactive fiscal policy to promote high-quality economic and social development, and answer questions from reporters.Hyundai Motors stock price continued to rise, last trading at 480,000 won, a gain of 16%.

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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