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On January 15, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, met with Canadian Foreign Minister Anand in Beijing. Wang Yi stated that Prime Minister Carneys visit to China marks the first visit by a Canadian prime minister in eight years, and is of pivotal and symbolic significance for bilateral relations. The two leaders will hold meetings and talks, which he believes will open new prospects for bilateral relations. China is willing to strengthen communication with Canada, enhance trust, eliminate interference, deepen cooperation, and promote the steady, solid, and sound development of bilateral relations under the new circumstances. Wang Yi stated that both sides should view each other rationally, amicably, and inclusively, handle issues with mutual respect, focus on the cooperation agenda, release positive messages, provide positive expectations for the development of bilateral relations, inject more confidence, and jointly build a new type of strategic partnership between China and Canada. Anand stated that the new Canadian government attaches great importance to its relations with China. Prime Minister Carney looks forward to in-depth communication and exchanges with Chinese leaders during this visit, clarifying the direction of bilateral relations, restarting dialogue in various fields, promoting more mutually beneficial outcomes, strengthening coordination and cooperation on multilateral affairs, and further developing the strategic partnership between the two countries.A Reuters poll showed that 52% of economists said the risk of the Bank of Japan falling behind the inflation curve was neither high nor low.A Reuters poll showed the median forecast for the Bank of Japans interest rate peak at 1.50%, up from 1.00% in a February 2025 survey.A Reuters poll showed that 60% of economists expect the Bank of Japan to raise interest rates once in 2026, while 31% expect two rate hikes.A Reuters poll showed that 97% of economists (65 out of 67) expect the Bank of Japan to keep interest rates unchanged until March.

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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