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The main contract of industrial silicon rose by more than 3% and is now quoted at 8,995 yuan/ton.On September 15, the overnight shibor was 1.4080%, up 4.10 basis points; the 7-day shibor was 1.4700%, up 1.00 basis points; the 14-day shibor was 1.5040%, down 2.00 basis points; the January shibor was 1.5330%, up 0.10 basis points; and the March shibor was 1.5530%, the same as the previous trading day.According to futures data on September 15, overnight shibor was 1.4080%, up 4.10 basis points; 7-day shibor was 1.4700%, up 1.00 basis points; 14-day shibor was 1.5040%, down 2.00 basis points; January shibor was 1.5330%, up 0.10 basis points; March shibor was 1.5530%, the same as the previous trading day.On September 15th, Pop Mart (09992.HK) plunged nearly 9% on Monday, its biggest drop since April, hitting its lowest level in over a month, after JPMorgan Chase downgraded its rating to neutral, citing a "lack of catalysts and unattractive valuation." This followed social media posts pointing to weak demand for its new "SKULLPANDA" product, and JPMorgans downgrade heightened market concerns about waning popularity. JPMorgan analysts Kevin Yin and others stated in a report: "Current valuations already reflect perfect expectations. Any minor fundamental disappointment or negative media coverage (such as falling pre-owned prices or third-party licensing issues) could trigger a share price decline." Although the stock has still risen over 180% this year, its 12-month forward price-to-earnings ratio is now close to 23 times.On September 15th, the market generally expected the Federal Reserve to cut interest rates by 25 basis points this week, but uncertainty remained about the direction of the policy once it was implemented. Marc Giannoni, Barclays chief US economist, stated that with inflation remaining subdued, the FOMC will judge that downside risks to achieving its employment goals are increasing. He added that the Feds economic projections remained largely unchanged, but the dot plot indicated three rate cuts (each 25 basis points) this year, one each in 2026 and 2027, while the median long-term interest rate forecast remained unchanged at 3.0%.

Stablecoin Tether hires BDO Italia for monthly proof-of-reserve reports

Florala Chen

Aug 19, 2022 15:19



Because we are pressing into significant barrier, stock markets have been a little apprehensive throughout Thursday's trading session.

Technical Analysis of the S&P 500

One must now consider whether or not we are running out of momentum or whether we are merely anticipating a signal to go higher after the S&P 500 shown some hesitancy at the 4300 mark. I believe that in the long run, a temporary decline is probably advantageous for both buyers and sellers, thus I believe that it does make sense. The 4186 level, where the 200 Day EMA is located, would be a good target.

However, it's conceivable that we would move considerably higher if we were to break above the highs of the previous several days. It then becomes possible for a migration to occur to the 4500 level. Frankly, it's fascinating to see that not much has been accomplished since the FOMC Meeting Minutes were made public. The could be the strongest message from that show by itself.


The 4100 level would be a good place to start if we were to break down, which may increase selling pressure significantly. We must, of course, keep a tight eye on the bond market. We have a big struggle on our hands since many traders in the Eurodollar futures think the Federal Reserve will need to start easing monetary policy sooner rather than later. I believe that the majority of traders just don't know what to do with themselves right now. That shouldn't come as a great surprise given that the majority of the financial media rely on confusion to generate revenue, and given that the noise is at an all-time high right now. The US economy has many drawbacks, but that was also true 500 points ago.

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