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The final reading for U.S. fourth-quarter final sales annualized quarterly rate was 0.3%, compared to 0.4% previously.The number of Americans filing for unemployment benefits for the week ending April 4 was 219,000, compared with expectations of 210,000 and a revised figure of 203,000 for the previous week (originally reported as 202,000).April 9th - The Iranian Foreign Ministry reported that its Foreign Minister spoke by phone with the Saudi Foreign Minister. During the call, the Iranian Foreign Minister explained the latest regional situation following the ceasefire agreement, emphasized Irans responsible attitude, and stated that, unfortunately, the United States had twice engaged in military aggression against Iran during the nuclear negotiations, and this time had violated its commitments even before diplomatic and negotiation processes had taken shape. The Saudi Foreign Minister emphasized support for the ceasefire agreement and continued efforts to restore regional stability and security, expressing hope that the current ceasefire would pave the way for a complete end to the war and the restoration of regional security and stability.April 9th - According to the Executive Committee of the Yangtze River Delta Ecological Green Integrated Development Demonstration Zone, this year the demonstration zone will focus on the "one hall and three areas" key regions and four key areas: interconnection, ecological and environmental protection, industrial innovation, and peoples livelihood services, and implement 163 major projects to promote the transformation of the demonstration zone from image development to functional cultivation.A senior Iranian source said that Irans demands include the United States unfreezing Iranian assets within two weeks.

S&P 500 Price Forecast – Stock Markets Continue to See Selling Pressure

Skylar Shaw

Sep 30, 2022 15:09

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Technical Analysis of the S&P 500

Due to the continued strong downward pressure on stock markets, the S&P 500 E-mini contract has been quite bearish throughout Thursday's trading session. In the end, a lot of things are happening all around the globe, and the US dollar is strengthening. The S&P 500 won't do well in that climate, and neither will any other stock index, for that matter. I like fading rallies, and I also enjoy the notion of shorting those who do experience that break down below the 3600 mark.


The S&P 500 will likely have dropped below the 3500 level by then, which is a big, round, psychologically meaningful number. In the end, this is a market that, given enough time, should see a lot of volatility and, therefore, a lot of causes for people to feel uneasy. Nevertheless, bear market rallies have a reputation for being rather nasty, so an occasional snap to the upside is possible.


Given the market's continued exposure to a lot of outside unfavorable impact, they will almost certainly remain selling opportunities. Interest rates, global slowdowns, and a slew of other geopolitical concerns are all producing problems at the moment. In the end, I believe that in this situation, with enough time, we should see significant downward pressure. In light of this, maintain a manageable position size and refrain from going all in on each transaction you make. In a market like this, sound money management is essential.

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