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Boeing (BA.N) said on November 16 that it will ensure its factories have the capacity to absorb higher production levels before further increasing aircraft output next year, highlighting the aircraft manufacturers cautious strategy after years of production setbacks. The company recently received approval from U.S. regulators to increase monthly production of its 737 aircraft from 38 to 42. Stephanie Popp, head of Boeings commercial aircraft business, said the companys current focus will be on "stabilizing" existing production rhythms before further increases in production.Boeing (BA.N): Before ramping up production again next year, it will ensure that its factories are ready to handle a higher proportion of aircraft production.According to the Financial Times, U.S. Trade Representative Greer is increasingly dissatisfied with the slow progress made by the European Union in reducing tariffs and regulatory barriers.Airbus: We expect the Middle East to need 4,080 passenger aircraft over the next 20 years, including 2,380 single-aisle aircraft and 1,700 wide-body aircraft.November 16th - According to two industry sources and data from the London Stock Exchange Group (LSEG), the port of Novorossiysk in Russia resumed oil loading operations on Sunday after a two-day suspension. LSEG data shows that the Suezmax tanker "Alan" and the Aframax tanker "Rhodes" are currently loading oil at the ports berths. Previously, a Ukrainian drone attack caused the Russian Black Sea port of Novorossiysk to suspend oil exports on Friday, prompting Transneft, the Russian oil pipeline monopoly, to suspend crude oil supplies to the export terminal. The attack damaged two oil berths at the port, temporarily disrupting port operations.

S&P 500 Price Forecast – Stock Market Awaits CPI Figures

Skylar Shaw

Jun 09, 2022 15:01

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The S&P 500 has done relatively little throughout the trading day on Wednesday, which is not surprising given that critical CPI statistics for the month of May are due on Friday.


Technical Analysis of the S&P 500

During Wednesday's trading session, the S&P 500 oscillated back and forth, indicating that there is still some uncertainty. That said, I believe the market is happy sitting here since the CPI statistics are due out on Friday, and many people will not want to attempt to beat the news. That said, we have a substantial amount of resistance right above the 50 Day EMA, and sellers have continued to come up every time we approach it.


At this point, the market is quite likely to grind away in short-term consolidation until we receive the CPI statistics, which will decide what the market feels the Federal Reserve will do next. Many people are concerned about the Fed tightening monetary policy, and the issue now is how tight the Fed will have to go.


If we break above the 50-day EMA, the market will most likely target the 4300 area.


That's a region where there's been a lot of resistance in the past, so breaking it above there would be a major accomplishment. If we break it below the 4075 level, however, the market becomes quite negative and opens up the potential of a move down to the 4000 level, and then, given enough time, the 3900 level. Regardless, this is likely to be a very loud market for the foreseeable future, so we'll be better off waiting to see how the Friday candlestick closes before investing.

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