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On September 16, the National Highway Traffic Safety Administration said on Tuesday that it would launch a so-called "preliminary assessment" on the issue that the electronic door handles of some Tesla Model Y models may lose power and fail. The investigation covers some 2021 Model Y models. A few days ago, an investigation exposed a number of accidents: after the vehicle lost power, the occupants were injured or died because they could not open the door. The National Highway Traffic Safety Administration said: "This investigation focuses on the operability of the vehicles external electronic door locks because in this case, there is currently no way to manually open the door. The agency will continue to monitor all reports involving being trapped when opening the door from the inside of the vehicle, and the Vehicle Defects Investigation Office will take further action as needed."September 16: Building materials trading volume reached 110,500 tons, a 6.04% decrease from the previous trading day. September 15: Building materials trading volume reached 117,600 tons, a 1.03% increase from the previous trading day. September 12: Building materials trading volume reached 116,400 tons, a 26.66% increase from the previous trading day. September 11: Building materials trading volume reached 91,900 tons, a 1.18% decrease from the previous trading day. September 10: Building materials trading volume reached 93,000 tons, a 8.28% decrease from the previous trading day. Last weeks average: Building materials trading volume was 10,308 tons.On September 16th, ING Bank stated in a research report that the US dollar is likely to remain relatively weak. The report pointed out that the US dollar started the week on a weak note, which may be partly related to the markets early positioning for the expected Federal Reserve interest rate cut later this week. ING Bank said that the weakening of the US dollar was also affected by the benign external environment. Global stock markets continued to rise slightly due to the dual effects of resilient business confidence and the expected decline in core borrowing costs. The report stated that this situation would typically prompt capital to flow into risky assets and non-US dollar markets, thereby reducing investor demand for the safe-haven currency, the US dollar. ING Bank said that the focus of the market on Tuesday will be US retail sales data.Spanish Economy Minister: We see average annual economic growth above 2% in the medium term.U.S. Treasury Secretary Benson: The job market appears to be in balance.

S&P 500 Retreats From Session Highs Amid Rising Geopolitical Tensions

Cory Russell

Nov 16, 2022 17:27


With rising geopolitical tensions, traders profit

Several missiles that landed in Poland and killed at least two individuals caused the S&P 500 to retreat from session highs. A committee on national security and defense matters was invited to an urgent meeting by Poland. Poland hasn't yet stated what it intended to talk about. It is clear that Poland will assess whether these missiles originated from Russia, which today carried out significant strikes against the energy infrastructure of Ukraine.


Poland is a NATO member, therefore the possible escalation of geopolitical tensions is taken into account by the markets. It is not unexpected that traders swarmed to purchase safe-haven assets. The US Dollar Index recovered some of its losses and moved closer to the 107 level. As the demand for safe haven assets increased, gold also found support and reclaimed the $1775 mark.


The price of WTI oil increased toward the $88 mark as Hungary convened its security council to discuss Ukraine's decision to halt oil transit from Russia via the "Druzhba" pipeline. These developments might give oil stocks a lot of support in the coming days.


Putting geopolitics aside, the market has been upbeat today as a result of Walmart's presentation of solid third-quarter results, revised expectations, and $20 billion repurchase program.


Whether the current geopolitical developments will have an impact on the U.S. stock market is the main concern. Following the recent rally, some traders might want to lock in profits in the near future.


In the long run, the suspension of Russian oil exports to Hungary could be a major issue and boost the oil market as the G7 nations get ready to cap the price of Russian oil. Higher oil prices increase inflation, which might make the Fed more hawkish and damage stocks.

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