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On December 13th, it was reported that an EU official stated on the 12th that Ukraines accession to the EU before 2027 is "absolutely impossible." According to reports, a European diplomat said that Ukraines accession to the EU before 2027 is "extremely difficult," and it is unclear whether EU leaders support this plan. Hungarian Prime Minister Viktor Orbán stated on the 8th that the EUs admission of Ukraine would be tantamount to declaring war on Russia, and that the EU is preparing for war with 2030 as the target date.On December 13, Venezuelan President Maduro stated that the United States usual tactics of lying, coercion, extortion, and threats are "completely ineffective" and "will never work" against Venezuela, following the recent seizure of an oil tanker in waters near Venezuela and the announcement of new sanctions.On December 13th, two US officials stated that the UN-authorized international stabilization force in Gaza could be deployed as early as next month, but the method for disarming Hamas remains unclear. The force will not fight Hamas, and its size, composition, and rules of engagement are still being determined.On December 13, the National Trust for Historic Preservation, a U.S. heritage preservation organization, filed a lawsuit on December 12 against U.S. President Trump and several federal agencies, demanding a halt to the ongoing renovation project of the White House banquet hall and claiming the project is illegal. The trust issued a statement on December 12 announcing that it had filed the lawsuit in the U.S. District Court for the District of Columbia, seeking a halt to the White House banquet hall renovation project until it undergoes a comprehensive design review and public comment period, and receives congressional approval. The trust argues that the Trump administration, in rapidly advancing the White House banquet hall renovation project, failed to submit planning proposals for necessary review as required by law, and that the project, without congressional authorization, exceeds the presidents constitutional authority. The lawsuit names Trump, the National Park Service, the Department of the Interior, the General Services Administration, and the heads of these departments as defendants.On December 13th, the White House announced that U.S. Special Envoy for the Middle East, Viktor Witkov, will meet with Ukrainian President Volodymyr Zelensky and several European leaders in Berlin this weekend to advance the U.S.-proposed Russia-Ukraine peace plan by the end of the year. Analysts suggest this "urgent dispatch" highlights the U.S.s attempt to narrow its differences with Ukraine on the terms of the Russia-Ukraine peace plan before the end of the year. Witkov is scheduled to hold talks with officials from France, the UK, and Germany on December 14th and 15th, respectively.

S&P 500 Price Forecast – Stock Markets Quiet on Reopening

Alice Wang

Dec 28, 2022 14:48

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Technical Analysis of the S&P 500

As traders returned to the market on Tuesday, there was a little downward slide in the S&P 500 throughout the trading session. Due to the lack of a meaningful reason for the markets to move, I would advise against making too many assumptions about them. In that setting, I would predict that there would be some back-and-forth, but I'm not quite persuaded that this is a market worth investing in at the moment.


Although it seems to want to grind a bit higher, I wouldn't be too enthused. The majority of the changes between now and then will likely be narrow and senseless since, in my opinion, the markets will be waiting for the January employment report. This market seems to be in a lot of Brownian motion right now, which makes sense given that there has been a lot of commotion leading up to the holidays. A little pause would likely be appreciated as well.


In the end, it's more probable than not that the markets will utilize the 50-Day EMA above as a possible "ceiling," albeit I believe that's probably relatively constrained. At the end of the day, I think this market will likely attempt to reach the 3900 level, but whether it can break over that level depends entirely on other factors.

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