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On July 12, He Xiaopeng, chairman of Xpeng Motors, posted on social media: "After nearly a month of internal discussions, Xpeng has formulated relevant steps for account period adjustment and execution, and has recently begun to move forward. We hope to move forward and change steadily step by step, and together with many partners, use our meager strength to promote the common progress and healthy development of the industry."On July 12, the Tianzhou-9 cargo spacecraft and the Long March 7 Yao-10 carrier rocket combination were vertically transferred to the launch area and are scheduled to be launched at an appropriate time in the near future.July 12, there was a report about "Lei Jun talks about car manufacturing: the most difficult part is making wheels". Xiaomi PR General Manager Wang Hua said: "I have seen several articles or similar videos in the past two days, which extracted the video of Lei Juns interview with Li Xiang in April 2024, cut off the beginning and the end, and took out the middle part that took wheel design as an example to spread it separately, and after taking it out of context, it became Lei Jun talking about the most difficult part of car manufacturing is making wheels."According to a report released by the Indonesian Meteorological, Climate and Geophysical Agency on July 12, at 7:11 a.m. local time on July 12, a 5.3-magnitude earthquake occurred in the sea 297 kilometers southwest of South Nias County, North Sumatra Province, Indonesia. The epicenter was located at 1.62 degrees south latitude and 96.28 degrees east longitude, with a focal depth of 61 kilometers. No tsunami risk is expected.On July 12, "Federal Reserve mouthpiece" Nick Timiraos said on social media that when people ask me about various online rumors, my first reaction is to ignore it. But for those who are really curious about whether the Federal Reserve Chairman will break his oft-repeated promise (that is, to complete his term as Chairman, which currently has only 10 months left), I will recall how Powell answered the question about "jumping on the lifeboat" six years ago. The reason I included his answer in my book is that it is the most resolute statement: "Under no circumstances will I voluntarily leave this job before the end of my term. Absolutely not. You wont see me jumping on a lifeboat. I simply cant imagine any situation in which I wont be able to complete my term, unless I die."

S&P 500 Price Forecast – Stock Markets Plunge

Cory Russell

Aug 31, 2022 15:16

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Technical Analysis of the S&P 500

The 50-Day EMA provided some little resistance to the S&P 500 throughout the trading session on Tuesday, which caused it to reverse course and begin sliding. In reality, the E-mini contract has broken below the 4000 mark, indicating more downward movement. At the end of the day, this market searches for the 3900 level. A breakdown below that point may provide access to far lower levels.


Keep in mind that the Federal Reserve will undoubtedly tighten things up, which means the market will probably trend downward from here. As long as that holds true, it's probable that stocks will gain as a consequence. I like the notion of short-term rallies evaporating at the first indication of tiredness at this stage. If we attempt to rise, the 200-Day EMA would likely be a significant resistance barrier, but to be really honest, I believe that the market is still seeing a lot of negative.


The 200-Day EMA has to be broken before you can consider any rally seriously. In the end, I believe that this market might decline to the 3600 level, which is a significant level to recover from. The market is still exhibiting a lot of noisy activity, which is usually unfavorable for markets. Of course, the candlestick is quite shabby, and as I've already said, the kind of candlestick from Friday is one that seldom ever occurs in a vacuum. As a result, the concept of fading short-term rallies is probably still the best course of action moving ahead.