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A fire has broken out at an oil refinery in Russias Bashkortostan and firefighting is underway, with the production site suffering minor damage, the regional governor said.British retailer Sainsburys confirmed it is in discussions to sell its Argos subsidiary to JD.com (JD.O).The Cyberspace Administration of China is soliciting public opinions on the "Regulations on Promoting and Standardizing the Application of Electronic Documents (Draft for Comments)".On September 13th, Trump released a letter to all NATO nations and the world. He stated, "I am ready to impose significant sanctions on Russia when all NATO nations agree and begin taking the same actions, and all NATO nations stop buying Russian oil." As you know, NATOs commitment to "winning this war" is far from 100%, yet some countries are still buying Russian oil, which is truly shocking! This significantly weakens their negotiating position and leverage with Russia. This is not Trumps war (if I were president, this war would never have happened!), but Biden and Zelenskys war. My sole purpose is to help end this war and save tens of thousands of Russian and Ukrainian lives. If NATO does what I say, this war will end quickly, and all these lives will be saved!On September 13, Russian Permanent Representative to the United Nations Vasily Nebenzya revealed on the 12th that Poland acknowledged that a drone that recently entered Polish airspace may have originated from Ukrainian territory, stating that it was no secret that Ukraine "has been attempting to expand the geographical scope of the Russia-Ukraine conflict." This statement further complicates the Polish version of the Russian drones entry into Polish airspace. Several European and American experts, scholars, and politicians speculated that there may be a hidden story behind this incident.

S&P 500 Price Forecast – S&P 500 Breaks Out

Cory Russell

Aug 12, 2022 15:04


Technical Analysis of the S&P 500

The S&P 500 had a little rally during Thursday's trading session to surpass the significant 4200 milestone. The 4200 level has historically served as resistance, therefore the fact that we have broken over it is quite positive. The next significant hurdle in the futures market will be 4300, and I do believe that it's quite likely that we will need to determine whether or not we can beyond it. It would be quite positive if we were to break over the 4300 barrier.


Based on the inflation scenario and the interest rate position in the bond market, the market continues to seem to be hanging about. Due to the current state of chaos, the only thing you can really do is pay careful attention to your position size since no matter what occurs next—especially at the current level of uncertainty—there will be a lot of noisy activity. Furthermore, the Federal Reserve continues to assert that the market is mistaken, therefore there is still a lot of difficulties to be seen in this situation.


A huge wave of selling might begin if we go below the 4100 mark. Alternately, the market would almost probably rocket off to the upside for a greater move if we were to break over the $4300 barrier. From a macroeconomic perspective, there is now no genuine way to discern the equilibrium, thus it is best to exercise prudence rather than bravery.