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On May 28th, Li Xiang, Chairman of Li Auto (02015.HK), stated during the companys Q1 earnings call that it will take at least three years for humanoid robots to reach the development level of the electric vehicle industry. Currently, there are numerous technical challenges to overcome, and consensus has not yet been reached on various technological approaches. Li Xiang also indicated that startups, mid-sized companies, and large manufacturers alike will enter the humanoid robot market.Intel (INTC.O) introduces the new INTEL® ARC™ G-series processors, designed for next-generation handheld gaming systems.Four members of the South African Reserve Banks Monetary Policy Committee supported a 25-basis-point rate hike, while two others advocated keeping rates unchanged.The South African Reserve Bank raised its policy rate by 25 basis points to 7.00%, in line with expectations.On May 28th, Federal Reserve official Williams stated that it remains unclear how the increase in productivity will ultimately affect interest rates and the Feds policy-making. Williams said, "My answer to the question What impact will changes in trend productivity growth have on the economy and monetary policy? is not surprising—it depends on the specifics." He added, "Specifically, it depends on the nature of the change itself and its expected duration." Williams remarks come as Fed officials are trying to assess the impact of recent productivity leaps, and expectations of further productivity gains due to advancements in artificial intelligence, on inflation and the labor market. Several Fed officials have expressed uncertainty about how these dynamics will ultimately unfold.

S&P 500 Price Forecast – Stock Markets Wait for the Jobs Number

Alice Wang

Oct 09, 2022 14:31

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Technical Analysis of the S&P 500

As we wait for Friday's employment report, the S&P 500 has been relatively calm throughout the trading session on Thursday. This does make sense in a lot of ways since many individuals won't want to take on a lot of risk before this unpredictable number. After all, the Federal Reserve's decision, which is by far the most crucial item to watch out for right now for most traders, will be greatly impacted by the employment report. Given enough time, I do think volatility will persist and many accounts will lose all of their money. I think the market has gone ahead of itself at this point, and any indication that the Federal Reserve may take a hawkish attitude might have serious consequences for the stock market.


When I look at the S&P 500, I see that the market is having trouble staying above the 3800 level on the E-mini contract, which does indicate that some confidence has been eroded. Since there is nothing that should be seen as optimistic right now, I believe that this market will retest its lows. This is only a result of Wall Street speculators believing that the Federal Reserve would step in to save them.


In actuality, the Federal Reserve no longer actively trades the markets, so they have no incentive to attempt to drive it higher. They will keep tightening monetary policy as long as inflation keeps soaring. Keep in mind that for the last 14 years, the stock market's success has mostly been supported by inexpensive money.

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