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Feds Collins reiterated support for further rate cuts.Collins, 2025 FOMC voting member and President of the Boston Fed, will speak in ten minutes.On October 10, local time on the 9th, German Vice Chancellor and Minister of Economy Robert Habeck said that the federal government expects Germanys gross domestic product (GDP) to fall by 0.2% this year. In the spring of this year, the German federal government had expected the countrys GDP to grow slightly by 0.3% this year. Habeck said that the current economic situation is not satisfactory, but Germany is working hard to get out of trouble. Germany has made progress in addressing short-term factors that drag down economic output, such as high inflation, high interest rates, and high energy costs, but long-term structural problems such as severe shortage of skilled workers and insufficient infrastructure investment have hindered the countrys economic growth.The Dow Jones Industrial Average closed at 42,512.00 on Wednesday, October 9, up 431.63 points, or 1.03%. The S&P 500 closed at 5,792.04 on Wednesday, October 9, up 40.91 points, or 0.71%. The Nasdaq Composite closed at 18,291.62 on Wednesday, October 9, up 108.70 points, or 0.60%.Boeing (BA.N) union representative: Some progress has been made in the negotiations, but it is still not ideal and has not involved necessary areas. The company has made some improvements in the minimum guarantee of performance bonuses. The strike subsidy works well and "the funds are very sufficient." We will stick to it for a long time.

S&P 500 Price Forecast – Stock Markets Get Sold to Kick off the Week

Alice Wang

Aug 23, 2022 14:48

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The 200-Day EMA was breached by the S&P 500 during the trading session after a steep decline. At this point, the Jackson Hole Symposium this week is still causing a lot of fear in the market.

Technical Analysis of the S&P 500

As there is still a lot of pessimism, the S&P 500 has dropped significantly in the E-mini contract during the trading session on Monday. The central bankers' blather will ultimately draw a lot of attention to this week's Jackson Hole Symposium, and people will be curious about whether or not they will continue to be active in battling inflation. It does make some sense that equities would suffer as long as there is a central bank that is prepared to battle inflation, so a retreat this week is probably to be anticipated.


Along with the 50-Day EMA below, the 4113 level is a region where I anticipate seeing a lot of support. Clearing all of that would be a really unfortunate turn of events, and this market would undoubtedly fall below the 4000 level as a result. The stock market surge, in my opinion, may be almost done at this point, and the direction we go over the following few days' larger move will almost probably be determined by those events.


Sadly, much of this will depend on how the markets understand the statements made by central bankers, which implies that they "may get it wrong" once again. However, by the end of the week, we should see a lot of the momentum that traders have exhibited in one way or the other. On the upside, I believe there is still resistance in the area around the 4300 mark, which may have been the peak.

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