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On September 13th, Trump released a letter to all NATO nations and the world. He stated, "I am ready to impose significant sanctions on Russia when all NATO nations agree and begin taking the same actions, and all NATO nations stop buying Russian oil." As you know, NATOs commitment to "winning this war" is far from 100%, yet some countries are still buying Russian oil, which is truly shocking! This significantly weakens their negotiating position and leverage with Russia. This is not Trumps war (if I were president, this war would never have happened!), but Biden and Zelenskys war. My sole purpose is to help end this war and save tens of thousands of Russian and Ukrainian lives. If NATO does what I say, this war will end quickly, and all these lives will be saved!On September 13, Russian Permanent Representative to the United Nations Vasily Nebenzya revealed on the 12th that Poland acknowledged that a drone that recently entered Polish airspace may have originated from Ukrainian territory, stating that it was no secret that Ukraine "has been attempting to expand the geographical scope of the Russia-Ukraine conflict." This statement further complicates the Polish version of the Russian drones entry into Polish airspace. Several European and American experts, scholars, and politicians speculated that there may be a hidden story behind this incident.Russia shot down 340 Ukrainian drones in the past day.The Russian Ministry of Defense stated that Russian forces have taken control of Novonikolaevka in eastern Ukraine. Russian forces attacked control points, launch sites, and storage areas for long-range drones in Ukrainian territory.The Pakistani Taliban launched an ambush in northwest Pakistan on Saturday, killing at least 12 soldiers, AFP reported, citing government and security officials.

S&P 500 (SPY) Tests Support At 3635 As Dollar Moves Back To Yearly Highs

Jimmy Khan

Sep 28, 2022 15:09

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The S&P 500 tests annual lows

As traders continued to exit riskier assets, the S&P 500 lost momentum and reached fresh lows.


Near 3.98%, the yield on 10-year Treasury bonds reached fresh highs. The value of the US dollar increased as well, getting closer to its highs from yesterday. A strong dollar is detrimental to the stock market because it reduces multinational firms' profitability and deters overseas investors from buying equities.


Consumer-related equities including Keurig Dr. Pepper, Philip Morris, and Estee Lauder are among today's largest declines.


Since Treasury rates are approaching new highs, it is not unexpected that real estate equities are also declining. Due to their high levels of debt, REITs are vulnerable to fluctuations in yields.


In today's trading session, energy stocks advance as WTI oil recovers from recent lows. Over 2% gains have been made by Baker Hughes, Marathon Petroleum, and Valero Energy.


From a broad perspective, the market is still tense. The S&P 500 attempted to go higher today but was met with stiff resistance, indicating that traders are prepared to take advantage of upward movements to sell equities.


Currently, it seems that the market will keep falling if the U.S. dollar maintains reaching new highs. The main driving force in the near future will probably be the movement of the US dollar. When the American dollar retreats from highs, stocks may be able to recover.

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