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According to the New York Times, U.S. military officials said that naval ships, air force aircraft, and army helicopters are closely monitoring the Strait of Hormuz and are prepared to attack Iranian forces that threaten merchant ships passing through the waterway.August 31 - According to TrendForces latest panel industry research, although memory supply shortages and tight prices have exacerbated cost pressures on the smartphone supply chain and affected smartphone brands 2026 shipment plans, the second-hand and repair markets remain supportive, helping smartphone panel demand perform better than expected. Global shipments in 2026 are estimated at approximately 2.25 billion units, with the year-on-year decline narrowing to 2.5% compared to previous estimates.On August 31, the General Office of the Ministry of Industry and Information Technology issued a notice on launching a special action to cultivate artificial intelligence application service providers. The notice supports service providers in strengthening connections with national computing power network hub nodes, national computing power interconnection nodes, and the China Computing Power Platform, making good use of policy tools such as "computing power vouchers" to reduce computing power costs. It also encourages the optimization of intelligent programming tools and improvement of software supply capabilities. Leveraging the achievements in scenarios, data, models, and intelligent agents formed through initiatives such as "Analog-Digital Resonance" and "Industrial Data Foundation Building," the notice provides service providers with access to APIs or trial channels. It encourages universities and vocational colleges to jointly build training bases with leading service providers to cultivate a large number of compound application talents who "understand business, are proficient in models, know security, and can deliver." Finally, it encourages service providers to build frontline deployment engineer (FDE) teams to be based at user sites and ensure the implementation of scenarios.On August 31, the General Office of the Ministry of Industry and Information Technology issued a notice on launching a special action to cultivate artificial intelligence application service providers. The notice calls for opening up a number of real-world scenarios, actively introducing service providers to implement these solutions, promoting their technological research and development and成果转化 (technology transfer), creating benchmark solutions, and generating a ripple effect. It also encourages exploring models such as first-purchase/first-use and risk compensation to increase the procurement of services such as large-scale models, intelligent agents, and tokens, thereby improving the efficiency and effectiveness of industry application of models and intelligence. Regions with suitable conditions are encouraged to establish and improve comprehensive service systems for "going global," leveraging cooperation mechanisms such as the Belt and Road Initiative, BRICS, and China-ASEAN cooperation to promote the overseas implementation of high-quality artificial intelligence application projects.August 31st - According to TrendForce data, the average spot price of DDR5 16Gb (2Gx8) 4800/5600 memory chips decreased by 0.03% compared to the previous day, the average spot price of DDR4 16Gb (2Gx8) 3200 increased by 0.53% compared to the previous day, and the average spot price of DDR4 8Gb (1Gx8) 3200 increased by 0.40% compared to the previous day.

S&P 500 Price Forecast – Stock Market Lilts Ahead of CPI

Cory Russell

Aug 10, 2022 14:36

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Technical Analysis of the S&P 500

The S&P 500 slightly declined during Tuesday's trading session to display symptoms of hesitancy, and it now seems probable that it will decline to the 4100 level. Additionally, bear in mind that the market has been on a long-term upward, so a little amount of a giveback would make some sense. Additionally, the 200 Day EMA provides a lot of dynamic resistance. However, probably most significantly, the CPI numbers will be released on Wednesday.


Wall Street will be closely monitoring if the Federal Reserve needs to tighten its monetary policy any further or whether things need to change. Given that the stock market has little to do with the economy at this point, Wall Street is now more concerned with money flow than anything else. Due to historical precedent, we are most definitely in a situation where we will have difficulties, and the 4200 level is a place where we should experience considerable noise.


It's possible that we will look for the 50 Day EMA, which is located at around 4000, if we go below the 4100 level.


Since the 4000 level is likely to get a lot of attention, it can be the subject of a short-term move. We need to get some clarity because, generally speaking, we are at a significant inflection moment. We'll probably have it after the Wednesday session, in my opinion.

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