EUR/USD 1.14859
0.096%
Gold 4376.53
0.805%
Oil 95.469
-1.085%
USD/JPY 156.726
0.486%
GBP/USD 1.33935
0.269%
GBP/JPY 209.919
0.759%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Domestic News: 1. China-US trade consultations begin in New York. 2. The Ministry of Culture and Tourism issues the "15th Five-Year Plan for the Construction of the Public Cultural Service System". 3. The General Office of the CPC Central Committee and the General Office of the State Council issue the "Opinions on Promoting the Reform of Higher Education Institutions by Category". 4. The one-year and five-year LPRs remain unchanged. 5. Total electricity consumption in August exceeded one trillion kilowatt-hours again, with the load reaching a record high. 6. Changxin Technology announces the official mass production of its fifth-generation technology platform. 7. The State Administration for Market Regulation: will deploy special actions to regulate the live-streaming e-commerce industry. 8. The National Medical Products Administration: will strengthen the research and formulation of standards in cutting-edge fields such as brain-computer interfaces. 9. The State Administration for Market Regulation: will use a combination of measures to rectify "involutionary" competition and crack down on malicious low-price competition. International News: 1. Federal Reserves Kashkari: The Feds mission is to bring the inflation rate back to the 2% target. Inflation is still too high, and its not just due to oil prices. 2. US Treasury Secretary Bessenter: The purpose of the Treasurys repurchase operations is to increase liquidity and manage the debt maturity structure, not to control a market exceeding $30 trillion in some way. 3. Middle East Situation—① Iranian Parliament Speaker: The Strait of Hormuz will remain closed until Irans conditions are met. ② US Media: Trump says he is "making a decision" on the Iran issue; he may be willing to meet with the Iranian president. ③ Turkey says it may provide assistance to Saudi Arabia under the Mecca Mutual Defense Agreement. ④ Israeli Media: Netanyahus visit to the US is expected to be "exceptionally short," with him returning to Israel immediately after his speech at the UN General Assembly. ⑤ Iranian Military: Any US attack will lead to Iranian retaliation. ⑥ Explosion near Erbil Airport in Iraq, where US troops are stationed. ⑦ US Media: The US military will not launch an offensive against the Houthi rebels.On September 20, CNN, citing a U.S. official, reported that the U.S. military would not launch an "offensive strike" against the Houthi rebels in Yemen. The report stated that, according to the anonymous U.S. official, the support provided by the U.S. military to date has been limited to providing intelligence and target data for Saudi Arabias operations against the Houthis. Recently, the U.S. has increased its sharing of this information with Saudi Arabia, and believes it has provided Saudi Arabia with "everything it needs" to combat the Houthis.September 20 - On the morning of September 20 local time, the economic and trade teams of China and the United States began China-US economic and trade consultations in New York, USA.September 20 - According to foreign media reports on the 20th, an explosion occurred near Erbil Airport in Iraq, where US troops are stationed.Federal Reserves Kashkari: The labor market is quite strong.

S&P 500 (SPY) Declines Towards 3900 As Treasury Yields Rise

Skylar Shaw

Sep 16, 2022 14:55

微信截图_20220916144450.png

S&P 500 is headed for lows in September

As Treasury rates continue to rise in advance of the Fed Interest Rate Decision, which will be announced on September 21, the S&P 500 is falling today.


As the natural gas and oil markets have seen sell-offs, energy equities have been under pressure. As a consequence, top oil companies Exxon Mobil and Chevron are trading down today by around 2%.


Top tech companies including Apple, Microsoft, Alphabet, and Amazon are all now down 1% to 2%.


Testing new lows is NVIDIA. The price of tech stocks will decline as interest rates rise.


From a broad perspective, traders continue to be concerned that the Fed's aggressive rate increases would stunt economic development. According to the FedWatch Tool, there is a 60.2% chance that the Fed's target rate, which is now between 225 and 250 bps, will increase to between 375 and 400 bps in November.


It is not unexpected to see that traders are concerned about this possibility given that aggressive rate rises might put substantial pressure on economic activity and harm company earnings.

The S&P 500 Is Prepared To Examine The Support Level At 3900

The S&P 500 managed to break through the support level at 3920 and is now attempting to test the next support level at 3900. The S&P 500 will go toward the support at the most recent lows at 3885 if it can manage to settle below this level. The S&P 500 will be pushed toward the support at 3850 if the support at 3885 is successfully tested.


The prior support level at 3920 will act as the first resistance level for the S&P 500 on the upswing. If the S&P 500 is able to hold above this point, it will go in the direction of the resistance at 3950. The next resistance level at 3980 will be tested if a move is made over the barrier at 3950.

Suggestion