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Data released by research firm New Automotive shows that Tesla (TSLA.O) sold 2,208 cars in the UK in February, a 45.2% year-on-year decrease.On March 5th, Daiwa issued a report stating that NetEase-S (09999.HK)s "Sixteen Sounds of Yan Yun," featuring over 10,000 AI-driven non-player characters (NPCs), is a prime example of AI-native gameplay, a technology difficult for other game developers to replicate. Therefore, Daiwa believes the development cycle for core AAA games will still require approximately 5 years, and the impact of AI on development timelines is currently limited. The bank reiterated its "Buy" rating on NetEase and maintained its target price of HK$257 based on SOTP. In the long term, Daiwa expects revenue growth from NetEases classic game copyrights to be slow, and the revenue growth from the launch of the free-to-play server for "Fantasy Westward Journey" is likely a one-off boost. Furthermore, the bank believes that NetEases dual-listing strategy has structural positive implications; if included in the Hong Kong Stock Connect program in the future, it will further improve stock liquidity while reducing long-term listing risks.March 5th - According to Politico, the Pentagon is urgently increasing the number of U.S. troops used for operational intelligence gathering, indicating that the Trump administration is not prepared for a larger-scale war. A notification obtained by Politico states that U.S. Central Command has requested the Pentagon to send more military intelligence officers to its headquarters in Tampa, Florida, to support operations against Iran for at least 100 days, potentially extending into September. This is the first time the Trump administration has requested additional intelligence personnel for a war against Iran, work that is typically planned long before military action. A U.S. official stated that the Pentagon is also working to deliver more air defense systems to the region, particularly smaller and cheaper anti-drone systems that the department has been developing over the past few years.March 5th - The draft outline of the 15th Five-Year Plan proposes: Improving the quality and level of trade and investment cooperation. Strengthening coordination between imports and exports, emphasizing both goods and services, and comprehensively attracting foreign investment and overseas investment to create new advantages in international trade and two-way investment cooperation. Promoting innovative development in trade. Attracting and utilizing foreign investment with greater力度. Promoting international industrial and investment cooperation.March 5th - The draft outline of the 15th Five-Year Plan proposes: Actively and steadily promote and achieve carbon peaking. It calls for coordinating development and emission reduction, solidly carrying out carbon peaking actions, accelerating the adjustment and optimization of industrial structure, energy structure, and transportation structure, and ensuring the timely achievement of carbon peaking targets. It also calls for the comprehensive implementation of a dual control system for total carbon emissions and carbon intensity. Furthermore, it promotes energy conservation and carbon reduction in key sectors and enhances the capacity to address global climate change.

S&P 500 Price Forecast — Stock Market Looking for Footing

Florala Chen

Aug 24, 2022 15:54

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In the E-mini contract, the S&P 500 has gained a little bit of stability during the Tuesday trading session as we get closer to a critical support level.

Technical Analysis of the S&P 500

In the early stages of the E-mini contract, the S&P 500 has moved in a rather narrow range. Having said that, this week is the Jackson Hole Symposium, which is practically guaranteed to make a lot of noise. In this case, I believe the trading public will be paying great heed to central bankers' pronouncements, which, of course, may sometimes result in complete pandemonium.


In this case, I believe we could have a brief rebound followed by increased selling pressure. The 200-Day EMA is located around 4185, and there is considerable resistance at the 4300 level above. It's also important to pay attention to the 50-Day EMA, which is at 4082 and climbing below; it may provide dynamic support.


I do believe that it is extremely possible that traders will look to the 50-Day EMA to salvage the market upward, regardless of whether or not this turns out to be the case. If we break it down below that, the market is probably just trying to get to the 4000 level. Anything below the 4000 mark indicates that we have once again altered our mentality and that more downside is yet to come.


One thing you can certainly bet on, in my opinion, is a lot of noisy volatility, mostly as a result of the central bankers' ranting in Wyoming. They will almost certainly underline their resolve to battle inflation, which means that monetary policies will continue to tighten throughout the globe.

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