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On January 5th, Yonhap News Agency reported that South Korean President Lee Jae-myung stated at a business forum in Beijing that South Korea and China need to deepen cooperation in areas such as artificial intelligence (AI) and culture. He also used the metaphor of "sailing together on the same sea" to illustrate the deep economic and trade ties between South Korea and China. Lee Jae-myung stated that South Korea and China are like ships sailing in the same direction on the same sea, having weathered storms together, achieving mutual success through deep integration of industrial and supply chains, and jointly injecting momentum into global economic growth. Faced with the current new situation of changing global economic and trade landscape, accelerated technological transformation, and increased difficulty in restructuring industrial and supply chains, failing to proactively adjust direction and relying solely on past inertia may lead to missed key development opportunities.According to Hong Kong Stock Exchange documents, Topshow Digital Technology (Group) Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.As of 3:00 PM Beijing time, spot platinum rose 3.16% to $2,216 per ounce, and spot palladium rose 2.39% to $1,671 per ounce.UBS forecasts Brent crude oil prices at $62 per barrel by the end of Q1, $65 per barrel by mid-year, and $67 per barrel by the end of 2026.UBS: We expect global oil demand to increase by approximately 1.2 million barrels per day by 2026, while non-OPEC+ supply is expected to increase by approximately 800,000 barrels per day.

Stock Markets Continue to Put Up a Fight

Cory Russell

Jul 13, 2022 16:12

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The S&P 500 initially fell during the trading session on Tuesday but turned around to show signs of life.

Technical Analysis of the S&P 500

The S&P 500 has decreased significantly during Tuesday's trading session as a result of the ongoing disruptive behavior. At this time, it seems as if the market could attempt to rise, but before I consider a rally seriously, we would need to break above the 50 Day EMA. Beyond that, there is also the 4000 level, which has a significant psychological component, and the 4200 level, which has very strong structural resistance.


Alternatively, if we go below the candlestick's bottom during Tuesday's trading session, we might pass through the 3800 level and then fall considerably more. Given enough time, I believe that will happen more often than not, but at the moment, it seems like we are just passing the time and attempting to decide what to do next. It's also important to note that the general economic picture hasn't altered significantly and that all of the impulsive swings have been downward with the rare recovery.

 

Since most traders are ill-equipped to operate in a situation where businesses must really create in order to be rewarded in the market, it seems obvious that equities will continue to lose money as inflation and monetary tightening increase. Because the way the markets work is about to undergo a significant change, I would anticipate quite a bit of erratic behavior over the next several months. I'll still be playing this market by fading rallies.

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