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On July 13, Aravind Srinivas, CEO of US AI search startup Perplexity, said on social media that based on the good performance of the Kimi K2 model, the company may use K2 for post-training in the future. DeepSeek R1 was also used by Perplexity for model training. K2 is a trillion-parameter open source model recently released by Kimi, which emphasizes code capabilities and general agent task capabilities.July 13, analysts said that financial markets, which have become increasingly insensitive to U.S. tariff threats, will face a test when they open on Monday after Trump announced over the weekend that he would impose 30% tariffs on the European Union and Mexico from August 1. Trump has recently stepped up trade measures, promising to impose more tariffs on everything from Canada to Brazil to Algeria and inviting trading partners to further negotiations. Despite warnings from JPMorgan Chase CEO Jamie Dimon and others not to take it lightly, investors have so far reacted as if they were counting on the U.S. president to back down again because they have seen the previous 180-degree turn. Brian Jacobsen, chief economist at Annex Wealth Management, said: "Investors should not just treat Trumps threat of a 30% tariff on EU goods as a bluff. This tariff level is punitive, but it may hurt the EU more than the United States, so the clock is counting down."On July 13, French President Emmanuel Macron posted on social media on the 12th that France and the European Commission strongly opposed the US announcement that day to impose a 30% tariff on EU exports from August 1. Macron wrote that in the context of EU unity, the European Commission should demonstrate the EUs determination to defend its own interests. If Europe and the United States cannot reach an agreement before August 1, the EU should mobilize all tools, including anti-coercion mechanisms, to speed up the preparation of "credible countermeasures." France supports the European Commission and the United States to step up negotiations in order to reach an agreement acceptable to both sides before August 1.European Council President: The EU remains fully supportive of efforts to reach a fair agreement with the United States.July 12, Mathieu Savary, chief European strategist at BCA RESEARCH: Trumps strategy is to make outrageous demands, then let them fall through, and then once again try to win some last-minute concessions and then reach a trade deal. We remember a framework during Trumps first presidency, and thats whats happening now. It doesnt matter what is said now; what matters is where we will land. It is expected that the EU will eventually "have to accept a 10% tariff, but this is something the EU can actually deal with.

Turns Short-Term Bullish on Trade Thru 12096.75

Skylar Shaw

May 26, 2022 10:10

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Shortly after the cash market closed on Wednesday, June E-mini NASDAQ-100 Index futures were trading higher. Following the publication of minutes from the Federal Reserve's most recent monetary policy meeting, the market is up, although off its highs.


The minutes revealed that officials agreed that the US economy was quite robust as they struggled to control inflation without causing a recession.


June E-mini NASDAQ-100 Index futures were trading at 11922.50 at 20:17 GMT, up 151.50 or 1.29 percent. The Invesco QQQ Trust ETF closed at $291.33, up $4.09 or 1.42 percent from its previous close.


The minutes from the Federal Reserve's meeting on May 3-4 revealed that policymakers recognized the need to increase rates fast, maybe more than the market has priced in, to combat recent inflationary pressures.


The index increased following the minutes since there were no surprises.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. The return of the decline will be signaled by a trade through 11491.25. The major trend will turn to up if the price breaks through 12594.00.


The small downward trend continues. The minor trend will be changed to up with a transaction through 12096.75. This will also alter the market's momentum upward.


A long-term retracement zone between 11671.25 to 10468.25 is the primary support on the downside.


The first barrier on the upside is a small pivot at 12042.75. After it, at 12042.75, there is a second minor pivot.

Short-Term Prospects

The early Thursday direction of the June E-mini NASDAQ-100 Index will most likely be determined by trader response to 11671.25.

Positive Outlook

The presence of buyers will be shown by a prolonged advance over 11671.25. The minor peak at 12096.75 is the initial upside objective, followed by 12042.75.


Taking out 12096.75 might provide the necessary upward impetus to attack the 50% level at 12523.25, then the major peak at 12594.00. If a trade is made through this level, the major trend will flip to up, signaling further upside potential.

Bearish Prospects

A prolonged move below 11671.25 indicates weakness. If the minor bottom at 11576.25 is broken, the minor bottom at 11491.25 should be tested quickly. This might be the starting point for a run to the major bottom at 10913.75 on November 2, 2020.

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