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On August 31st, the Japanese and US governments were discussing the simultaneous release of special measures to reduce the burden of "reciprocal tariffs" on Japan, a presidential decree to lower automobile tariffs, and a joint document on $550 billion in US investment. Initially reluctant to adopt a document, Japan was forced to relent due to the potential for further delays in tariff reductions. To facilitate US investment, changes to the relevant decrees of the semi-official Japan Bank for International Cooperation (JBIC) are also under consideration. According to Japanese government officials, drafting of the joint document has begun. The two sides will finalize the details of the agreement, including specific investment promotion methods and profit distribution strategies.Ukraines General Staff said that despite Russias claims of success in its summer offensive, Russian forces have not yet fully controlled any major Ukrainian city.On August 31, the mayor of Chicago, the third-largest city in the United States, signed an executive order on August 30, expressing a "refusal to cooperate" with the Trump administrations plan to deploy a large number of federal law enforcement officers and National Guard troops to the city. Chicago Mayor Brandon Johnson, a Democrat, said the executive order indicates that the Chicago Police Department will not cooperate with federal National Guard and other law enforcement personnel in the city, including patrols, traffic stops, and checkpoints. He also instructed city police officers to wear formal uniforms and no face coverings to distinguish them from federal troops and avoid public confusion.According to RIA Novosti, Russian air defense forces shot down 21 Ukrainian drones at night.On August 31st, the China Securities Association reported that in the first half of 2025, all listed companies achieved operating revenue of 35.01 trillion yuan, a year-on-year increase of 0.16%. Second-quarter revenue reached 18.11 trillion yuan, a year-on-year increase of 0.43% and a quarter-on-quarter increase of 7.15%. Net profit in the first half of the year reached 3.00 trillion yuan, a year-on-year increase of 2.54%, an increase of 4.76 percentage points over the previous years full-year growth rate. Nearly 60% of companies in the market saw positive revenue growth, and over three-quarters were profitable. 2,475 companies saw positive net profit growth, and 1,943 companies saw both revenue and net profit growth.

Stock Markets Have Wild Right After the Inflation Number

Cory Russell

Jul 14, 2022 14:49

Technical Analysis of the S&P 500

Due to higher than expected inflation data in the United States, the S&P 500 has been all over the place during trading on Wednesday. This does imply that there will likely be a lot of uncertainty moving forward, and as a result, there will probably be a lot of volatility, which is nothing new in this market. Considering that the market has recovered very well, it is probable that there will still be concerns about our future direction.


The 50 Day EMA breaking below it and moving lower makes the 4000 level above a significant resistance barrier. As a result of the market's definite downturn, I believe it will continue to be a source of considerable anxiety. We can eventually take it below the 3750 threshold. In the end, I believe there is significant negative pressure on this market that might lead to a move to the lows around the $3637 level. The market will collapse if we break down below that level.


Alternately, if we break through the 4000 level, we may try to climb as high as the 4200 level. I anticipate paying great attention to the 4200 level because I think it may provide a chance for the market to make a full recovery. However, despite the fact that Wall Street will almost surely come up with some kind of story to finally drive things higher, I don't see that occurring.