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February 13th - According to Qichacha APP, Alibaba (China) Co., Ltd. recently applied for and published a patent for "a method, device and equipment for training a large language model based on mind chain".February 13 – The UN Security Council unanimously adopted Resolution 2816 on February 12, extending the mandate of the 1988 Sanctions Committee (Taliban) Monitoring Group for another year. In his explanatory statement following the adoption of the resolution, Chinas Permanent Representative to the UN, Fu Cong, stated that many provisions of the 1988 sanctions mechanism have not yet reflected the profound changes in the situation in Afghanistan. China calls on the Security Council to pay attention to these issues and conduct a systematic and forward-looking review and adjustment of the 1988 sanctions mechanism to better adapt it to the needs of the current situation. Fu Cong emphasized that the Sanctions Committee Monitoring Group should continue to maintain an objective and impartial stance, leverage its professional expertise, and provide strong support for the work of the 1988 Committee. It should also attach importance to listening to the opinions of Security Council members and the broader membership, and strengthen communication and exchanges with important regional organizations such as the Shanghai Cooperation Organisation and the Collective Security Treaty Organization.On February 13th, Morgan Stanley economist Kathleen Oh stated that the Bank of Korea may raise its 2026 economic growth forecast for South Korea from 1.8% to 2.0% at its policy meeting on February 26th. She noted that this upward revision primarily reflects the positive risks from a stronger-than-expected semiconductor industry. She expects the Bank of Koreas inflation forecast for this year to remain unchanged at 2.1%, due to the gradual recovery of the domestic economy and limited demand-driven price pressures. She added that South Korea is expected to maintain its policy interest rate this year, while also pointing out that three of the Bank of Koreas seven board members will have their terms expire in the coming months.The Ukrainian Deputy Prime Minister stated that Russia attacked a port in Ukraines Odessa region, resulting in one death and six injuries.On February 13th, the "Implementation Plan for Promoting High-Quality Development of the Hydrogen Energy Industry in Lanzhou (2026-2028) (Draft for Public Comment)" was released for public comment. The plan aims to cultivate a hydrogen energy equipment manufacturing industrial cluster with core competitiveness, promote the deep integration of technological and industrial innovation, and achieve diversified and large-scale application scenarios. The goal is to double the output value of the hydrogen energy industry by 2028, making Lanzhou a nationally important innovation and manufacturing hub for hydrogen energy equipment and a core hub of the "Gansu-Xinjiang Hydrogen Corridor." The plan also aims to attract and cultivate 15-20 upstream and downstream enterprises in the industrial chain, forming an industrial cluster led by 2-3 leading enterprises and supported by numerous supporting enterprises. The average annual growth rate of the hydrogen energy and related industries is expected to reach 30% by 2028.

S&P 500 Price Forecast – 3700 Continues to Hold as Support

Skylar Shaw

Jun 23, 2022 14:55

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After initially tumbling into the 3700 support level throughout the trading day, the S&P 500 has made a big rebound. 

S&P 500 Technical Analysis

After first dropping below the 3700 level during the trading session on Wednesday, the S&P 500 has seen a wild journey. Since the 3700 level has been significant for a few weeks, it is probable that sellers will now make it their goal. 3600 and 3500 are the next targets if we can drop below the most recent low. What we are currently witnessing is a small-scale bear market rebound, which does make some sense given the extreme selling pressure that we had previously witnessed.


If we do move higher from here, 4000 should be a resistance level that will be difficult to surpass unless there is a fundamental shift in the news. In the end, I believe we have a position where breaking down makes more sense, but we could be in for a setup where we "fade the rallies." Since there is nothing positive in the economic pipeline right now and many earnings predictions will need to be revised at this point, I do not enjoy investing in the stock market right now. A brief recovery rally does, however, make a lot of sense because markets do not continuously decline.


I see this as a chance to go short once more, but if we were to breach the 4200 level, you would need to be persuaded that the true brand has changed. I'm not currently concerned about the move because it costs 400 points. In the end, a recession is inevitable, and the market is now beginning to reflect that.

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