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On August 24th, Nikkei reported that the Japan Green Transition Accelerator (GX) has invested a total of 20 billion yen (approximately US$125 million) in public-private partnership funding for two startups focused on nuclear fusion and plastic recycling. This investment is part of a broader Japanese government plan to inject 370 trillion yen (over US$2.3 trillion) in public and private funds into 17 strategic sectors by fiscal year 2040, a key pillar of Prime Minister Sanae Takaichis growth and decarbonization strategy. The two companies being invested in are Kyoto Fusion Engineering Co., Ltd. and Jeplan Corporation. Details of the investment are expected to be announced soon. Japan hopes to encourage more private sector investment and accelerate the commercialization of advanced technologies by providing public capital.According to Nikkei Asia: Japan is providing $125 million in support to nuclear fusion and recycling startups through a public-private partnership fund.On August 24, according to Irans official news agency IRNA on August 23, Iranian President Pezechzian stated at an event in Tehran on the evening of August 22 that members of Irans Supreme National Security Council all believed that the memorandum of understanding previously reached with the United States was the best solution based on dignity, wisdom, and national interests. The memorandum "contains no clause indicating Irans surrender or concessions," and all related commitments were to be fulfilled by the other side. However, Iran should also rationally extricate itself from its current state of "neither war nor peace," as it is difficult for Iran to attract investment in such a state. He also mentioned that the late Supreme Leader Ali Khamenei had clearly stated the necessity of moving away from this "neither war nor peace" state. Pezechzian further stated that Supreme Leader Mojtaba Khamenei formulated national policies, and the government will continue to advance related work in accordance with these policies.August 24 - The Hawke Fire, a wildfire in the suburbs of Reno, northern Nevada, spread rapidly from the foothills of the Sierra Nevada Mountains toward downtown Reno early this morning, burning more than 10,500 acres and issuing mandatory evacuation orders to nearly 14,000 residents.August 24th - According to a report from the U.S. Central Command on August 23rd, the U.S. guided-missile destroyer USS John Finn is currently sailing in the Arabian Sea, carrying out the U.S. maritime blockade mission against Iran. As of August 23rd, the U.S. military has ordered 70 merchant ships to change course, rendered 3 merchant ships immobile, and boarded and inspected 2 other merchant ships.

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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