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An executive at U.S. medical technology company Medtronic: (On the issue of U.S. tariffs) We are looking for ways to optimize our manufacturing layout.On February 25, people familiar with the matter said that Indonesia and Apple (AAPL.O) have reached an agreement to lift the countrys ban on iPhone16, paving the way for an end to a five-month tug-of-war that forced Apple to increase its promised investment in Indonesia to $1 billion. The Indonesian Ministry of Industry, which is responsible for maintaining the ban, will sign an agreement with Apple as early as this week. The two sides will also hold a press conference, and the Indonesian Ministry of Industry plans to issue a license allowing the sale of iPhone16 as soon as possible. People familiar with the matter added that in addition to the $1 billion investment, Apple will also be committed to training locals to work in the research and development of Apple products so that they can develop similar software and design their own products. The move is intended to appease the government, which has been pushing Apple to establish research and development facilities in the country. However, although both parties agreed to the terms of lifting the ban, Indonesia has previously reneged and the agreement may still fall through.On February 25, the DeepSeek API open platform showed that DeepSeek has reopened API recharge. The deepseek-chat model discount period has ended, and the call price has been changed to 2 yuan per million input tokens and 8 yuan per million output tokens. DeepSeek had previously stopped recharges due to resource constraints.On February 25, Morgan Stanley published a research report stating that due to the continued sales pressure of traditional drugs, it decided to further reduce the sales forecast of Shijiazhuang Pharmaceutical Group (01093.HK) by 2.1% in 2024; the sales forecast for 2025 was raised by 3.5%; and the sales forecast for 2026 was raised by 2.7%. Morgan Stanley mentioned that since Shijiazhuang Pharmaceutical attaches great importance to research and development, it has raised its forecast for its research and development expenses, which is partially offset by lower sales expenses. The bank adjusted its profit forecasts for fiscal years 2024 to 2026 by -14%, +10% and -4.3%, respectively. In addition, the bank lowered its capital expenditure forecast for Shijiazhuang Pharmaceutical in the next few years to 7% per year (originally 9%), and slightly raised its target price from HK$6.6 to HK$6.8, giving it an overweight rating.On February 25, Goldman Sachs Group said that the possible tariffs imposed by the United States on oil imports would bring a bill of $22 billion to consumers. Goldman Sachs analysts including Callum Bruce said that the Trump administration has proposed possible tax plans, including taxes on oil from Canada and Mexico, which means the cost per household (passed on) is equivalent to $170. The analysts also said: "We found that a 10% tariff on crude oil in the United States would not significantly increase US production because the light oil produced in the United States does not match the heavy oil required by many US refineries. At the same time, if a 10% tariff is imposed, the average retail price of gasoline may increase by 7 cents per gallon."

S&P 500 Futures Continue to Consolidate

Cameron Murphy

Apr 20, 2022 10:22


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Technical Analysis of the S&P 500

During Tuesday's trading session, the S&P 500 dropped down slightly to indicate hints of weakness, but then rallied to challenge the 50 Day EMA. In the end, if we can break over the 50 Day EMA, we'll most likely go for the 4500 level. The market's break over the 4500 level opens the door to a move to the 4600 level, although that level is likely to be tough to reach at this time.


Keep an eye on the interest rate situation in the United States, which will continue to be a key issue, since we have seen so much in the form of a headwind for the stock markets. Keep in mind that the market is going to experience a lot of noise at best, so keep that in mind. I believe that if we break below the hammer from Monday's session, we will be able to break below the 4350 level, which would open up the 4300 level, and then the 4100 level.


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There are lots of unfavorable conditions out there that continue to work against a stronger stock market, so it's understandable that we'll see a lot more selling pressure in the future. If you notice symptoms of fatigue, I believe you should either purchase puts or take gains if you are a "long-only" trader. At best, the market is highly loud, so you should be wary of the volatility and keep your position size minimal.

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