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Oppenheimer raised its price target for Marwell Technology (MRVL.O) from $250 to $300.On August 21, the Ministry of Finance issued a notice on further improving fiscal and financial coordination policies to boost domestic demand. The notice stipulates that the annual maximum amount of interest subsidies for loans to small and micro enterprises that a single borrower can receive from a single lending institution will be increased from 50 million yuan to 75 million yuan. The annual maximum amount of interest subsidies for loans to service industry operators that a single borrower can receive from a single lending institution will be increased from 10 million yuan to 20 million yuan. The annual maximum cumulative interest subsidy for personal consumer loans and credit card installment payments that each borrower can receive from a single lending institution will be increased from 3,000 yuan to 5,000 yuan.The Ministry of Finance announced that the scope of agencies handling the loan interest subsidy policy for small and micro enterprises and the loan interest subsidy policy for service industry operators will be expanded to 21 national banks and city commercial banks, rural cooperative financial institutions, private banks and foreign banks with a financial regulatory rating of 3A or above.On August 21, the Ministry of Finance issued a notice on further improving fiscal and financial coordination policies to boost domestic demand. The notice stipulates that newly issued working capital loans to eligible small and medium-sized private enterprises will be included in the scope of the SME loan interest subsidy policy, with the central government providing an annualized interest subsidy of 1 percentage point on the principal of the working capital loan for a period not exceeding two years. New credit card installment businesses, including special installment plans, consumer installment plans, and cash advance installment plans, will also be included in the scope of the personal consumer loan fiscal interest subsidy policy, with a subsidy rate of 1 percentage point per annum.On August 21, Liao Min, Vice Minister of Finance, introduced that this year, the Ministry of Finance, together with the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Commerce, the General Administration of Customs, the State Taxation Administration, and the State Administration for Market Regulation, has established a nationally unified negative list management mechanism for local government subsidies. This mechanism clearly defines the specific circumstances of illegal subsidies, resolutely prevents the increase of illegal subsidies, and classifies and standardizes the existing stock of illegal subsidies.

S&P 500 Price Forecast – 200 Day EMA Comes Into the Picture Again

Jimmy Khan

Nov 17, 2022 17:04

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Technical Analysis of the S&P 500

The 200-Day EMA is barely above in the E-mini contract, therefore it's possible that the S&P 500 will continue to experience problems in this area despite initial attempts to rally during the trading session. The 4000 level is currently the focus of our attention because it is a level that obviously has a big, round, psychologically significant number. Another breakdown can occur if we fall below the 3900 level.


Keep in mind that the earnings season has been a bit of a mixed bag. We also need to pay close attention to the Federal Reserve because, in my opinion, the market has been overly optimistic about the possibility of the Federal Reserve slowing down.


To be really honest, I believe they will keep suppressing demand in an effort to lower inflation.


Remember that the inflation rate in the US is slightly under 8%, making their target over 4 times higher. Additionally, there is a myth being propagated that suggests consumers may have to deal with "greater inflation." That is not true.


In the end, I believe you will continue to see a lot of volatility, but it is also important to note that following the CPI report, we immediately went straight up in the air and have since practically stagnated. It has no meaningful follow-through, in other words. I'm definitely keeping an eye out for a chance to start fading because it might be the main tell on this chart right now. We need some sort of stimulus, though, for prices to rise as high as 4200 if we break above the highs.

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