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August 18th - According to sources familiar with the matter, Anthropics current performance suggests that its annualized revenue is on track to exceed $65 billion, more than seven times the level at the end of last year. The sources stated that as of the end of July, Anthropics annual recurring revenue (ARR) had reached $65 billion. One source indicated that Anthropic shared this figure in its regular updates to investors. This significant acceleration in revenue further strengthens Anthropics confidence in advancing its IPO plans. Both Anthropic and OpenAI have secretly filed IPO-related documents, and Anthropic is expected to go public on Wall Street as early as this fall, potentially earlier than OpenAI.August 18th - Data from the U.S. Treasury Department shows that in June, the amounts of U.S. Treasury bonds held by the UK, Japan, and China all decreased compared to May. Specifically, Japan held $1.117 trillion in U.S. Treasury bonds, a decrease of $26.4 billion from May; the UK held $939.9 billion, a decrease of $8.7 billion; and China held $633.4 billion, a decrease of $26 billion.August 18th - U.S. stocks closed Monday with the Dow Jones Industrial Average down 0.5%, the S&P 500 down 0.5%, and the Nasdaq Composite down 0.32%. SK Hynix (SKHY.O) rose 3%, Micron Technology (MU.O) rose 4%, SanDisk (SNDK.O) rose 8.8%, and Nike (NKE.N) fell 4%. The Nasdaq China Golden Dragon Index closed up 0.37%, XPeng Motors (XPEV.N) rose 4%, and Miniso (MNSO.N) fell 8%.The U.S. saw a net inflow of international capital of $133.5 billion in June, revised from $132.2 billion to $131.5 billion in the previous month.Foreign investors made net purchases of $6.8 billion in U.S. Treasury bonds in June, compared with $56.6 billion in the previous month.

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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