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On September 19th, the General Administration of Customs released import and export data for January-August 2026. Chinas merchandise exports showed relatively strong overall growth in 2026, reaching $2.9255 trillion, a year-on-year increase of 19%. August saw a record high of $401.4 billion, demonstrating strong export growth. Automobile exports reached $129.1 billion in January-August 2026, a 53% increase, with August exports reaching $18.3 billion, a 43% increase, indicating strong vitality in the Chinese automotive market. Auto parts exports reached $69.8 billion in January-August 2026, an 8% increase, with August exports reaching $9.1 billion, a 7% increase, highlighting significant export pressure for Chinese auto parts. Motorcycle exports reached $15.5 billion in January-August 2026, a 26% increase, with August exports reaching $2.1 billion, a 28% year-on-year increase. Exports of gasoline-powered motorcycles slowed due to high oil prices, while electric motorcycles surged. The country needs to follow the development of domestic vehicle manufacturers and change its reliance on European and American after-sales systems.Court websites show that Iran executed a man convicted of passing intelligence on missile bases to Israel during the war.September 19 - According to the Russian Ministry of Defense, Russian air defense systems destroyed 344 Ukrainian drones over Russia overnight. During the night, on-duty air defense systems intercepted and destroyed 344 Ukrainian fixed-wing drones over Leningrad Oblast, Novgorod Oblast, Bryansk Oblast, Kursk Oblast, Belgorod Oblast, Oryol Oblast, Kaluga Oblast, Tula Oblast, Ryazan Oblast, Lipetsk Oblast, Vladimir Oblast, Rostov Oblast, Krasnodar Krai, Moscow region, Yamal-Nenets Autonomous Okrug, Dagestan Republic, and the Black Sea region.On September 19th, a preliminary investigation report released by the UKs National Air Traffic Control (NAC) on the 18th concluded that the widespread disruption at multiple UK airports last week, resulting in the cancellation of over 2,000 flights, was caused by a "millisecond-level" software glitch. The investigation revealed that a software failure occurred in the UK air traffic control system on September 8th, "the entire failure occurring within one millisecond," rather than a human error as many had initially speculated. This system is responsible for assigning flight codes, allowing air traffic controllers to identify flights on radar. This glitch forced the cancellation or delay of numerous flights, affecting hundreds of thousands of passengers. Several major airports, including London Heathrow, Edinburgh, and Manchester, were impacted, with many passengers stranded at airports, and order only gradually being restored after several days.On September 19th, Bolivian President Rodrigo Paz announced the termination of state subsidies for diesel fuel and a shift to a unified pricing model to help address the long-standing fuel shortage. Paz stated that Bolivia relies on imports for approximately 90% of its diesel, with the government spending about $55 million weekly on subsidies. From today, the price of diesel will equal the cost of purchasing it abroad. Rampant fuel smuggling and black market resale are key factors contributing to the weekly losses. This move replaces the dual-pricing system introduced in August, which charged high-volume consumers 18 Bolivianos ($2.60) per liter while maintaining a subsidized price of 9.80 Bolivianos for other consumers. Paz stated that domestic prices will now follow global benchmarks, and if international costs decrease, domestic prices will also decrease. To offset the financial pressure on households and key economic sectors, the government announced targeted relief measures, including direct cash transfers and concessional credit lines.

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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