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On September 6, Russian Presidential Aide Ushakov said early on the 6th that President Putins meeting with US President Trumps special envoy Witkov and son-in-law Jared Kushner at the Kremlin on the evening of the 5th lasted more than three hours and was substantive and "constructive." Ushakov said that the Russian side made a clear and comprehensive assessment of the current situation, including the situation developing during the special military operation. In particular, the Russian side pointed out the actual progress made by the Russian army in the theater of operations and expressed confidence in achieving its established objectives, while also emphasizing the necessity of eliminating all the root causes of the conflict. Ushakov stated that Russia reiterated its willingness to continue working with the US to seek a solution through political and diplomatic means. Both sides confirmed that the two presidents will continue to maintain direct contact.Russian Presidential Aide Ushakov: Putin is prepared to cooperate with the United States to seek a diplomatic solution to the Russia-Ukraine issue.September 6 - According to the Islamic Republic News Agency (IRNA), the public relations department of the Iranian Islamic Revolutionary Guard Corps issued a statement on September 5 denying that the Isfahan nuclear technology center and nuclear facilities had been attacked, calling the related reports purely fabricated. The statement said that spreading such content during the current sensitive situation is an attempt by hostile forces to create tension, disrupt public opinion, and incite public panic.September 6 - According to Irans Fars News Agency, a deputy political official of the Iranian Revolutionary Guard Navy stated that in the 10 days leading up to August 30, Iranian naval forces were "punishing" two to five "violations" of regulations every night in the Strait of Hormuz. The official added that the US attacks "did not cause the slightest disruption to Irans control in the region."On September 6th, Israeli public radio reported on the 5th that the Israeli military is preparing to partially withdraw from southern Lebanon and plans to establish a smaller "safe zone" along the Lebanese-Israeli border. The report stated that the Israeli military recently completed the destruction of Hezbollah tunnels beneath the Ali Tahir heights in the Nabatayah region of southern Lebanon, subsequently formulating the aforementioned relocation plan. Israeli security officials said that under the new plan, the Israeli military will withdraw to a position closer to the Lebanese-Israeli border, reducing the depth of its controlled area in southern Lebanon from the current approximately 10 kilometers to 3-4 kilometers. The new deployment line, referred to as the "grey line," will replace the current "yellow line."

S&P 500 Price Forecast – Stock Markets Wait for the Jobs Number

Alice Wang

Oct 09, 2022 14:31

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Technical Analysis of the S&P 500

As we wait for Friday's employment report, the S&P 500 has been relatively calm throughout the trading session on Thursday. This does make sense in a lot of ways since many individuals won't want to take on a lot of risk before this unpredictable number. After all, the Federal Reserve's decision, which is by far the most crucial item to watch out for right now for most traders, will be greatly impacted by the employment report. Given enough time, I do think volatility will persist and many accounts will lose all of their money. I think the market has gone ahead of itself at this point, and any indication that the Federal Reserve may take a hawkish attitude might have serious consequences for the stock market.


When I look at the S&P 500, I see that the market is having trouble staying above the 3800 level on the E-mini contract, which does indicate that some confidence has been eroded. Since there is nothing that should be seen as optimistic right now, I believe that this market will retest its lows. This is only a result of Wall Street speculators believing that the Federal Reserve would step in to save them.


In actuality, the Federal Reserve no longer actively trades the markets, so they have no incentive to attempt to drive it higher. They will keep tightening monetary policy as long as inflation keeps soaring. Keep in mind that for the last 14 years, the stock market's success has mostly been supported by inexpensive money.

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