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On May 10, local time, Russian Presidents Press Secretary Peskov said that Russia is actively developing relations with many countries and will continue to do so. Peskov pointed out that it is very difficult to isolate Russia because Russia occupies a very important position in the world. In addition, Peskov also said that Russian President Putin is willing to engage with leaders of any country in the world, and he is willing to interact to the extent that they are ready to cooperate.On May 10, California Governor Gavin Newsom criticized the U.S. federal government in a video posted on social media. He said that the U.S. governments current tariff policy "may cause the United States to lose its position as the worlds largest economy." In the video, he criticized the U.S. governments tariff policy for blocking U.S. imports and directly affecting the daily lives of ordinary people. "In a few months, people will lack school bags and Christmas toys. Tariffs will make American families even worse." Newsom said that as the state with the strongest economic power in the United States, California occupies an important position in the global economy, precisely because California is committed to "reducing trade barriers and providing quality services to American consumers", but the current tariff policy is undermining all of this, leading to rising prices and stagnation at ports.Kremlin: European countries statements have a "confrontational character".May 10th news: On the evening of May 9th local time, a US federal judge ruled that the Trump administration may not continue to advance its large-scale layoffs or major restructuring plans for multiple federal agencies based on an executive order issued in February this year.Ukrainian President Zelensky: We all agree that the conflict in Ukraine must be ended "in a dignified and peaceful manner."

S&P 500 Weekly Price Forecast – Stock Markets Have a Bullish Week

Alice Wang

Aug 01, 2022 15:59

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As a result of Jerome Powell convincing the markets that the Federal Reserve may change course, stock markets have surged to break over the 4100 barrier.

Weekly Technical Analysis for the S&P 500

During the trading week, the S&P 500 initially declined a little, but underlying it, purchasers were in great supply. The market has now broken through the 4100 level. On the daily chart, we are now in the midst of the last consolidation region, therefore a break above the 4100 level would be positive. The 4200 level, another enormous, round, psychologically important number, is slightly below the 50 Week EMA.


Especially if people begin to grasp that the Federal Reserve is not about to pivot, despite what Wall Street has fabricated, signs of tiredness will be sold into. Considering that Friday was the final day of the month, it is extremely possible that what we have witnessed is a little relief rally. Even though end-of-month marking up is against the law, it happens in business.


The fact that we are still firmly in a slump is what you should focus on there the most. Yes, it has been a pretty beautiful upward rise, but I'm still not sure. However, if we get a daily close above the 4200 mark, the general trend is likely to significantly change, and we may then go considerably higher. I think the next week or two will be critical because they will reveal where the markets are headed in the long run. At this point, it's entirely up in the air whether or not we go any higher.

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