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① Iran 1. Iranian military: If the US launches another military operation, it will face an offensive response. 2. Iranian Foreign Ministry: The US and Israel are using "maintaining energy stability" as a pretext to justify the war against Iran. 3. Iranian Vice President: Iran will no longer allow enemy military equipment to pass through the Strait of Hormuz. 4. Iran: Iran says it is prepared to respond to a potential escalation of the situation by the US. 5. Iran: The US has presented Iran with five key conditions, including that the US will not pay any war reparations and that Iran will only be allowed to maintain one operational nuclear facility. ② US 1. US Energy Secretary: The Strait of Hormuz will reopen no later than this summer. 2. Two US officials revealed that Trump is expected to meet with his national security team in the Situation Room on Tuesday to discuss military options. 3. Sources: Trump met with senior members of his national security team on Saturday to discuss the next steps in the war with Iran. 4. Trump stated on social media on Sunday that if Iran does not act swiftly, it will have nothing. ③ Israel 1. Following the "extension of the ceasefire," Israel launched a large-scale airstrike on southern Lebanon. 2. Sources: Israel has secretly established at least two military outposts in Iraq. 3. Israeli media: Netanyahu and Trump spoke by phone to discuss the possibility of resuming hostilities in Iraq. If military operations against Iraq resume, it is expected that Israel and the United States will launch joint airstrikes. 6. Other situations: 1. The Israeli military claims to have killed a commander at the Hamas operations headquarters. 2. Lebanon claims the Israeli attack caused approximately $2 billion in economic damage. 3. NATO intelligence agencies believe Iran still retains most of its missile stockpile and facilities. 4. A generator outside the Barakah nuclear power plant in the UAE was attacked by a drone and caught fire. 5. The International Atomic Energy Agency: The UAE stated that radiation levels at the Barakah nuclear power plant are normal and that no casualties were reported after the drone attack. 6. The International Criminal Court denies issuing new arrest warrants for several Israeli officials. On May 18, Kyrgyz President Sadil Japarov called on world leaders to vote for Kyrgyzstan as a non-permanent member of the UN Security Council on June 3. Japarov emphasized, "Choosing Kyrgyzstan will reflect the world communitys political will to restore historical justice and ensure that all countries are elected equally to the highest organs of the United Nations."The UAEs nuclear regulator stated that no radioactive leaks occurred following the Barakah nuclear power plant incident, and there is no risk to the public.On May 18, shipping giants CMA CGM and Hapag-Lloyd announced on Sunday that they had suspended all bookings to and from Cuba until further notice. Both companies cited a May 1 U.S. executive order, the latest blow to Cubas crisis-ridden economy. Two sources said the temporary suspension of new orders by the worlds two largest shipping companies could jeopardize up to 60% of Cubas freight volume. This comes after the U.S. oil blockade severely restricted Cubas fuel supply. The executive order signed by Trump on May 1 expanded existing U.S. sanctions on Cuban trade to include "any foreign person doing business in the energy, defense and related materials, metals and mining, financial services or security sectors of the Cuban economy, or any other sector of the Cuban economy."The Saudi Ministry of Defense stated that it has intercepted three drones launched from Iraq, which were shot down after entering Saudi airspace. It reserves the right to respond at the appropriate time and place.

S&P 500 Retreats From Session Highs As Traders Take Profits Ahead Of Fed

Cory Russell

Dec 14, 2022 14:20

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NASDAQ Composite pulled back towards 11,200.

Investors get ready for the Fed decision

As traders chose to take some profits off the table ahead of the Fed Interest Rate Decision, which will be issued tomorrow, the S&P 500 encountered resistance near 4100 and pulled back towards 4015. The very tech-focused NASDAQ Composite has likewise retreated from session highs but still recorded solid gains of 0.7%.


Traders today concentrated on the November inflation figures. In November, the inflation rate decreased from 7.7% in October to 7.1%, below the analyst average of 7.3%. Additionally, the Core Inflation Rate has decreased, going from 6.3% to 6%.


Numbers for inflation were received with unbridled joy. The U.S. dollar tested multi-month lows as Treasury yields decreased and investors' desire for safe-haven assets fell. However, 30 minutes after the opening bell, profit-taking pressured markets.


According to the FedWatch Tool, there is a 79.4% chance that the Fed will raise rates by 50 basis points at its meeting tomorrow. Traders don't think that the Fed will decide to take a more dovish stance following the publication of inflation statistics.


Since the Fed is likely to fulfill market expectations, traders will pay close attention to Powell's remarks. Bulls are now concerned that Powell may assert, in spite of the most recent statistics, that the Fed needs to increase pressure on inflation. Powell has warned that if the Fed didn't succeed in bringing inflation down in the ensuing months, it might become entrenched.

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