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September 4th - According to Japanese media reports, Japanese Finance Minister Satsuki Katayama is expected to remain in her position in the upcoming cabinet reshuffle. This decision signifies the Japanese governments recognition of her work on the economy, exchange rates, and budget process reforms. Katayama is a core member of Prime Minister Sanae Takaichis cabinet and also serves as the Japanese counterpart to US Treasury Secretary Bessenter. Bessenter has consistently pressured Japan to raise interest rates while also helping to stabilize the Japanese currency. Katayamas reappointment would demonstrate Takaichis trust in her policy handling and help ensure the cabinet reshuffle does not trigger market volatility. Replacing Katayama could disrupt close cooperation between the US and Japan on exchange rate issues and further strain an already tense market due to Japanese government spending plans. This could reignite upward pressure on bond yields and lead to a weaker yen.The yield on Japans 40-year government bonds fell 13 basis points to 4.03%.1. 53 Bank: -25,000; Capital Economics: +0.00; Pansen Macro: +15,000; RBC: +16,000; 2. ABN AMRO: +20,000; Citigroup: +20,000; Barclays: +25,000; Mizuho Securities: +30,000; 3. Scotiabank: +30,000; Standard Chartered: +30,000; Catech Commercial Bank: +40,000; Goldman Sachs: +40,000; 4. Moodys Analytics: +40,000; BNP Paribas: +50,000; Commerzbank: +50,000; JPMorgan Chase: +50,000; 5. Montreal: +55,000; Daiwa Capital: +55,000; HSBC: +55,000; Monex: +55,000; 6. PNC Financial: +56,000; Lloyds: +60,000; Nomura Securities: +60,000; Stieffer: +60,000; 7. Danske: +65,000; ING: +65,000; UBS: +65,000; Morgan Stanley: +65,000; 8. Deutsche Bank: +65,000; DekaBank: +70,000; Societe Generale: +70,000; Westpac: +70,000; 9. Nikko Securities: +73,000; UniCredit: +80,000; Wells Fargo: +80,000; Jefferies: +85,000; 10. Santander: +85,000; Oxford Economics: +95,000; TD Securities: +95,000; [Reuters forecast: +56,000]Euro Stoxx 50 futures rose 0.13%, German DAX futures rose 0.21%, and UK FTSE 100 futures rose 0.04%.Germanys manufacturing orders, adjusted for working days, rose 13.1% year-on-year in July, below the expected 10.5% and the previous reading of 6.50%.

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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