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According to the Daily Mail, sources say British Prime Minister Keir Starmer has told close friends that he intends to resign and has developed a well-organized timetable for his departure.On May 17, British Columbia health officials reported on May 16 that a passenger from the cruise ship *Hundius*, who was quarantined in the province, tested positive for hantavirus in a preliminary test. British Columbias Chief Medical Officer of Health, Bonnie Henry, said the patient developed mild symptoms such as fever and headache two days prior and was subsequently hospitalized. Her preliminary hantavirus test on May 15 was positive. The patient is currently in isolation, and her test results still require confirmation by a microbiology laboratory. Her partner tested negative. Currently, 10 Canadian citizens are under quarantine due to the *Hundius* outbreak; four are in British Columbia for a 21-day quarantine, and the other six are in Alberta, Ontario, and Quebec.According to Israeli media reports, the massive explosion near Beit Shemesh, Israel, was a controlled industrial blast, with no casualties or property damage.May 17th - According to a report in the British newspaper *The Sun* on Saturday evening, British Chancellor of the Exchequer Reeves plans to announce next week that she will postpone the planned fuel tax increase originally scheduled for September. The temporary fuel tax reduction measure, which began in 2022, was originally scheduled to expire this September. If the measure expires, fuel prices will rise by 5 pence (approximately 6.6 US cents) per liter. However, the British government has previously extended this tax reduction measure several times, most recently in the annual budget last November. *The Sun* reports that Reeves is preparing to extend the measure again.On May 17, US President Trump posted an AI-generated image on social media. In the image, Trump and a general are standing on a warship, while small boats and ships flying the Iranian flag are nearby. The caption reads, "This is the calm before the storm."

S&P 500 Price Forecast – Stock Markets Continue to Consolidate

Alice Wang

Jan 05, 2023 14:54


Technical Analysis of the S&P 500

The S&P 500 had some bumpy trading on Wednesday as there were still many uncertainties surrounding the state of the world economy. The minutes from the FOMC meeting will be released later today, and Friday will see the release of the employment report. Having said that, I believe it's only a matter of time until we have to make a greater choice, so by the end of the week, I believe we will have much more clarity on our course of action.


Despite Wall Street's seeming lack of concern most of the time, the economy does not sustain a robust stock market. They will be more surprised to learn that the Federal Reserve is likely to maintain its strict monetary policy, which will keep the S&P 500 under pressure as Wall Street looks for cheap money since many of the bigger companies are leveraged to very aggressive levels.


They're going to have big problems as long as that continues to be the case. Additionally, this year is going to see a number of credit occurrences, which is poison to stocks. In the meantime, though, we could see rallies, but I believe the 50-Day EMA above around the 3900 level may provide substantial resistance. A move above there makes it possible to seek the 4000 level, but I believe that at that point, opposition becomes much more aggressive. 

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