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On March 8th, four sources familiar with the matter told Reuters that Saudi Arabia has informed Iran that while it supports a diplomatic solution to the conflict between Iran and the United States, it may take appropriate measures in response if Iran continues to attack Saudi Arabia and its energy sector. The sources revealed that two days prior, the Saudi Foreign Minister met with the Iranian Foreign Minister and clearly articulated Riyadhs position. The sources indicated that Saudi Arabia is willing to accept any mediation approach aimed at de-escalating the situation and reaching a solution through negotiations. They also emphasized that Riyadh and other Gulf states have never allowed the United States to use their airspace or territory to launch airstrikes against Iran.On March 8th, local time, on the evening of the 7th, Iranian Islamic Revolutionary Guard Corps spokesman Naini stated that in the first week after the outbreak of the conflict, the Iranian armed forces implemented a multi-layered offensive strategy. Statistics show that Iran conducted 600 missile strikes, using various types of solid and liquid-fueled ballistic missiles and cruise missiles. In addition, Iran conducted 2,600 drone operations. During these operations, more than 200 sensitive targets located at US military bases and key Israeli facilities were precisely targeted and destroyed. Naini emphasized that the scale of Iranian firepower projection in the first three days of the conflict was equivalent to the total firepower deployed during the entire "12-Day War." Naini also stated that 17 ships belonging to the United States, Israel, and their allies have been attacked.Local news agencies, citing sources from Irans oil ministry, reported that fuel depots in three regions, including Karaj, west of the capital Tehran, were attacked.Irans Supreme National Security Council Secretary Larijani: The United States is already mired in its own miscalculation.Irans Supreme National Security Council Secretary Larijani: Regional countries have realized that the United States can no longer guarantee their security.

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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