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On January 12, White House National Economic Council Director Hassett stated on Monday that he had not participated in any discussions regarding the Justice Departments investigation into Federal Reserve Chairman Powell. In an interview with CNBC, Hassett said, "I havent been involved in any related discussions with the Justice Department, nor have I spoken with them before they contacted Powell, so I have nothing to add. I simply respect the independence of the Federal Reserve and the Justice Department, and well see how things develop."Lufthansa: We are closely monitoring the current situation. We plan to resume flights to Tehran on January 16.White House National Economic Council Director Hassett: I have not yet spoken with Federal Reserve Chairman Powell about his remaining on the council.On January 12th, Topjing Technology announced that from December 25th, 2025 to January 12th, 2026, its shareholder, the National Integrated Circuit Fund, reduced its holdings by 2.6121 million shares through block trades. On January 9th, 2026, the company completed the registration of the vesting of the second type of restricted shares, resulting in an increase in the total share capital and a passive dilution of its shareholding. In summary, the National Integrated Circuit Funds shareholding ratio decreased from 18.92% to 17.92%, reaching the 1% threshold. This change was due to the fulfillment of a share reduction plan, which was not fully implemented and does not affect the companys governance or violate any regulations.White House National Economic Council Director Hassett: Federal Reserve Chairman Powell is a good man.

Stock Markets Break 50 Day EMA

Alice Wang

Jul 21, 2022 15:45

微信截图_20220721151813.png

Technical Analysis of the S&P 500

On Wednesday during trade, the S&P 500 raised its head over the 50 Day EMA, which is obviously a little success. Since there was a lot of noise between this level and the 4000 level, I believe it makes some sense that there was some hesitancy. However, I believe we have a good chance of reaching close to the 4100 level if we can break over the 4000 mark.


Looking at this chart, it would be very negative indeed if we were to reverse course and drop below the 3900 level, indicating that possibly the breakthrough was a false one. However, if we do rally, I believe we will continue to "climb the wall of anxiety" in an upward direction. Position sizing will be essential since, in any case, I believe the only thing you can probably bet on is a lot of loud behavior. It will be fascinating to see how this develops over time given that this is a violent short-covering rally.


Given the abundance of bad news now available, any collapse will likely gain a lot of momentum.


However, markets cannot continue to decline indefinitely, so this relief rally does have some logic. I believe we are in a position where we must see this through the lens of the longer-term probabilities, which continue to lead to reduced pricing over the long run. Whether or not it is a sustainable rally is an entirely separate thing. There may also be some short covering since the Federal Reserve will meet the following week.

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