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On April 10th, Thai Finance Minister Ekniti Nitithanprapas stated that due to the Middle East conflict, Thailand expects oil prices to remain high for up to two years, foreshadowing sustained pressure on this net energy importer already grappling with rising costs and slowing growth. Speaking to lawmakers during a parliamentary debate following a government policy statement, Ekniti noted that energy infrastructure in the Middle East has been severely damaged, and oil and gas supplies could take one to two years to stabilize. He added that the government plans to accelerate the adoption of solar, biofuels, and other renewable energy sources to cushion the impact of high energy costs on households and businesses. The energy shock has already affected the economic outlook. Economists have begun to lower their growth forecasts for Thailand as rising fuel costs have dampened consumption and disrupted exports and tourism—two core drivers of the Thai economy.On April 10th, according to the National Cybersecurity Notification Center, the center detected a recent surge in supply chain poisoning attacks. Targets included the API development tool Apifox, the Python library LiteLLM, and the JavaScript HTTP library Axios, involving two core supply chain scenarios: open-source software repositories and commercial tools. The Axios poisoning incident, in particular, occurred because many AI applications and plugins, such as OpenClaw, directly rely on this library, allowing the risk to spread further to end users through the dependency chain. These three supply chain poisoning incidents share common characteristics: high stealth, wide impact, high severity, and rapid spread, potentially causing serious harm such as credential theft, remote code execution, and sensitive data leakage.On the morning of April 10, Xi Jinping, General Secretary of the CPC Central Committee, met with Cheng Li-wen, Chairperson of the Kuomintang, in Beijing.Hong Kong-listed apparel stocks continued their upward trend, with Fast Retailing (06288.HK) rising nearly 10%, Tianji Holdings (01520.HK) rising over 6%, and Anta Sports (02020.HK) and Bosideng (03998.HK) following suit.On April 10th, Wang Zhihua, Director-General of the Department of Foreign Trade of the Ministry of Commerce, stated that since the beginning of this year, foreign trade enterprises have actively expanded markets, secured orders, pursued innovation, and built brands, adding more resilience and vitality to Chinas foreign trade. According to customs statistics, in the first two months of this year, both the scale and growth rate of Chinas goods trade imports and exports were at relatively high levels compared to the same period in previous years, and a good start is expected for the first quarter as well.

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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