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On May 27th, the Shanghai Municipal Peoples Government released its implementation opinions on promoting the expansion and quality improvement of the service industry. The opinions propose accelerating the development of the R&D service industry, encouraging the construction of various R&D institutions such as manufacturing innovation centers and enterprise R&D centers, guiding the expansion and upgrading of enterprise R&D institutions, and promoting the establishment of market-oriented and entity-operated R&D enterprises. The opinions also promote the transformation of scientific and technological achievements, supporting the construction of high-quality incubators, proof-of-concept centers, and other platforms for the transformation of scientific and technological achievements. Furthermore, the opinions emphasize enhancing professional incubation and resource linkage capabilities around the three leading industries and the forefront of future industries. Finally, the opinions support enterprises in developing new models and new forms of technology services such as AI+scientific research, shared scientific research, cloud-based collaborative R&D, and intelligent agent R&D in fields such as intelligent manufacturing and biomedicine.On May 27th, the Shanghai Municipal Peoples Government released its implementation opinions on promoting the expansion and quality improvement of the service industry. The opinions propose increasing the supply of intelligent and green products and guiding the green construction and operation of digital infrastructure such as intelligent computing centers and data centers. They also emphasize strengthening green energy services, improving and promoting direct green electricity connections, green electricity trading, and green electricity certificate trading to boost green electricity consumption and encourage the priority use of green energy and the procurement of green products and services. Furthermore, the opinions call for accelerating the green transformation of buildings, supporting near-zero energy consumption upgrades, and constructing a number of zero-carbon industrial parks and zero-carbon supply chain demonstration projects. Finally, the opinions advocate developing new green consumption models, creating new diversified and integrated service consumption scenarios for green and sustainable development, and holding a green consumption season themed activities.Reserve Bank of New Zealand Governor Brehman: The current official cash rate remains slightly accommodative.On May 27th, the second domestically built large cruise ship, "Aida Huacheng," completed its 12-day sea trial and docked at port. During the sea trial, technicians completed acceptance tests on key and challenging aspects, including the main propulsion system, ship handling, speed durability, overall vibration and noise levels, unmanned cabin operation, and rescue boat deployment. All 45 commissioning procedures and 149 test verifications covered by the sea trial were completed, comprehensively and to a high standard verifying the ships maneuverability, automation level, safety, comfort, and emissions standards. After the sea trial, the second domestically built large cruise ship will gradually advance towards regional and system completion and submit the project for acceptance to the shipowner, with a planned delivery and operation in November this year. After delivery, it will begin its maiden voyage from Guangzhou Nansha International Cruise Home Port.Reserve Bank of New Zealand Governor Brehman: Overall, the official cash rate (OCR) is likely to be raised at the next few meetings.

S&P 500 Price Forecast – Thin Labor Day Trading

Skylar Shaw

Sep 06, 2022 16:15

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Technical Analysis of the S&P 500

Limited electronic trading on Monday saw the S&P 500 fluctuate within a fairly narrow range, which is not a great surprise given that Labor Day is now taking place in the United States. Nevertheless, the 3900 level is providing support for the market, which is a positive development. If we were to go below that point, we may be able to go further below. The likelihood is that we will then try to descend to the 3800 level. Following that, the low at the level of 3637 would be our next target.


Currently, rallies should encounter significant resistance, particularly at the 4061 level, where it seems that the 50-Day EMA is attempting to cross lower. In the end, the Federal Reserve has maintained a strict monetary policy, and a recession is unavoidably on the horizon.


Having said that, there isn't really a good reason to think that the S&P 500 will continue to rise for a while. Yes, there is a chance for a little rebound, but it's more likely to be a buying opportunity. The macroeconomic environment does not call for that kind of trading, therefore I don't really have a circumstance where I want to be a buyer. The markets will remain quite boisterous, and Tuesday's opening could be a little chaotic.


More often than not, sellers will continue to rush into this market at the first symptoms of tiredness since the market will almost certainly continue to see a lot of loud and disruptive conduct.

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