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Russia has stated that its troops have captured the village of Tsvetkove in the Zaporizhzhia region of Ukraine.On February 15th, Russian Deputy Foreign Minister Galuzin stated that Russia is willing to discuss the possibility of introducing a UN-led interim external governance mechanism into Ukraine with the United States, Europe, and other regional countries. Galuzin stated that this approach would allow Ukraine to hold democratic elections and produce a government with governing capacity capable of signing peace treaties and other legitimate treaties related to international cooperation. Similar precedents have been set in UN peacekeeping operations. In March 2025, Russian President Putin stated that this was a feasible option. Galuzin also indicated that the possibility of such an approach has not been publicly discussed recently.February 15th news: The fourth issue of Qiushi magazine, to be published on February 16th, will carry an important article by Xi Jinping, General Secretary of the CPC Central Committee, President of the Peoples Republic of China, and Chairman of the Central Military Commission, entitled "Key Tasks of Current Economic Work." The article points out that it is necessary to adhere to the bottom line and actively and steadily resolve risks in key areas. Strengthen the coordination between risk prevention and development promotion policies to further enhance development resilience. Focus on stabilizing the real estate market, implementing city-specific policies to control new supply, reduce inventory, and optimize supply, encouraging the acquisition of existing commercial housing for the purpose of affordable housing, etc. Deepen the reform of the housing provident fund system, orderly promote the construction of "good houses," and accelerate the construction of a new model for real estate development. Actively and orderly resolve local government debt risks, urging local governments to proactively resolve their debts. Optimize debt restructuring and replacement methods, and take multiple measures to resolve the operational debt risks of local government financing platforms.February 15th news: The fourth issue of Qiushi magazine, to be published on February 16th, will carry an important article by Xi Jinping, General Secretary of the CPC Central Committee, President of the Peoples Republic of China, and Chairman of the Central Military Commission, entitled "Key Tasks of Current Economic Work." The article points out that it is necessary to persist in reform and strengthen the driving force and vitality of high-quality development. This includes formulating regulations for the construction of a unified national market, thoroughly addressing "involutionary" competition, and creating a sound market ecosystem. It also includes formulating and implementing a plan to further deepen the reform of state-owned assets and enterprises, and improving supporting regulations and policies for the Law on Promoting the Private Economy. Furthermore, it calls for accelerating the clearing of overdue payments to enterprises, promoting win-win development for platform enterprises and their operators and workers, expanding pilot projects for market-oriented reforms of factors of production, optimizing the structure of fiscal transfer payments, and improving the local tax system. Finally, it emphasizes further promoting the reduction and improvement of small and medium-sized financial institutions and continuously deepening the comprehensive reform of investment and financing in the capital market.February 15th news: The fourth issue of Qiushi magazine, to be published on February 16th, will carry an important article by Xi Jinping, General Secretary of the CPC Central Committee, President of the Peoples Republic of China, and Chairman of the Central Military Commission, entitled "Key Tasks of Current Economic Work." The article points out that it is necessary to adhere to innovation-driven development and accelerate the cultivation and expansion of new growth drivers. It emphasizes adhering to the principle of using scientific and technological innovation to lead industrial upgrading and continuously generate new quality productivity. It calls for formulating an integrated plan to promote the development of education, science and technology talent. It also emphasizes building international science and technology innovation centers in Beijing (Beijing-Tianjin-Hebei region), Shanghai (Yangtze River Delta region), and the Guangdong-Hong Kong-Macao Greater Bay Area, creating world-class sources of scientific and technological innovation. Furthermore, it stresses strengthening the leading role of enterprises in innovation, supporting the expansion of application demonstrations of new technologies, new products, and new scenarios, improving the intellectual property protection system in emerging fields, and accelerating the transformation of scientific and technological achievements. The article also calls for formulating an action plan to expand and improve the service industry, implementing a new round of high-quality development action for key industrial chains, deepening and expanding "artificial intelligence +", improving artificial intelligence governance, and innovating science and technology financial services.

Non-Farm Payrolls Print at +428k vs. +391k Expected, With Unemployment at 3.6 Percent

Jimmy Khan

May 09, 2022 10:49


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The stock market is perhaps the greater issue on many traders' minds this morning. After all, it's been rather dramatic this week, and one of the reasons for the high level of curiosity is the possibility of a huge change.


And, so far, that pattern has continued apace, even through this week's rate boost of 50 basis points.


However, trends do not always price in straight lines, and when a market is over or underweight in one direction too much, a counter-trend move may emerge, as we witnessed surrounding the Fed on Wednesday. However, to the displeasure of bulls, the move was promptly priced-out the next day, raising the risk of an even deeper break.


The S&P 500 is now trading at a major region of support, and the two-week range is impressive.

THE NASDAQ 100

The Nasdaq 100 is a potentially more appealing negative vehicle. High-beta tech stocks typically worsen the performance of the S&P 500's blue chips, which may operate on both sides of the equation, as we witnessed on the way up last year and again this year.


However, as recent events have unraveled, the difference in performance has been noticeable. While the S&P 500 remains above important support levels such as the psychological level of 4000, the Nasdaq 100 has already broken through most of that earlier support structure. Price is still hovering around the Monday low of 12,710. Yesterday, that level was tested and maintained — but sellers are now pressing a third test, and the third test may not be pleasant.