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On November 14th, Musk posted that X has launched a brand new suite of communication features, including encrypted messaging, audio/video calls, and file transfer. X Money (electronic payment service) will be launched soon. X will become an all-in-one application.Japanese Finance Minister Satsuki Katayama: (When asked about the size of the economic stimulus package) The planned economic stimulus measures will be in line with the proactive fiscal policy of the Sanae Takaichi government.Japanese Economy and Fiscal Policy Minister Minoru Shirou: A weaker yen will push up the CPI through increased import costs.On November 14th, analyst Tracy Alloway stated that while the price of imported bananas in the US has actually been declining since the middle of last year, banana inflation remained high at 6.9% as of the end of September. Even with lower production costs, companies may not necessarily pass on cost savings to consumers, and there are currently no signs that most companies feel pressured to do so. Data shows that profit margins for S&P 500 companies actually expanded in the most recent quarter, triggering a significant secondary effect: higher profit margins boosted stock prices, creating a wealth effect where wealthier consumers could freely purchase expensive bananas, further increasing consumer spending. At the same time, companies are more inclined to maintain high-price strategies, which harms the interests of low-income families. Simply eliminating tariffs may not satisfy ordinary consumers worried about prices. If you expect immediate results from eliminating banana tariffs, you may be disappointed.According to Futures News on November 14, the holdings of the worlds largest gold ETF, SPDR Gold Trust, increased by 2.29 tons from the previous day, and the current holdings are 1048.93 tons.

S&P 500 Price Forecast – Stock Markets Continue to Show Negativity

Florala Chen

Dec 07, 2022 15:57

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Technical Analysis of the S&P 500

The E-mini contract for the S&P 500 fell during trade on Tuesday once more as negativity remained a significant issue. The current short-term support is at the 3950 level, and a 50-Day EMA is moving into the same area at the same time. As a result, we appear to be a touch pessimistic, but whether or not this will cause us to disintegrate is another matter entirely. In light of this, I'll be closely monitoring the 50-Day EMA to get a sense of what will happen next.


The downtrend line that I have placed on the chart will certainly be tested, though, if we reverse course and break above the 200-Day EMA. Naturally, breaking above that would signal a strong bullish trend and allow the E-mini contract to go for the 4200 mark. Having stated that, a lot of drawbacks exist that might persist in the situation and create significant problems.


I predict that the final few weeks of the year will be quite volatile, therefore I believe you will start to notice more unpredictable moves than anything else. Despite this, the market is likely to continue to emphasize the need for extreme caution when choosing the size of your investment, primarily because unexpected movements are a possibility. Additionally, the Federal Reserve meeting next week will have a significant impact on our course of action. Keep in mind that Wall Street relies mostly on liquidity to function.

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