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Tesla (TSLA.O) is redesigning the electric door locking mechanism.On September 18th, the Federal Reserves first interest rate cut in nine months triggered a rally in U.S. Treasury bonds, fueling market expectations that the Fed would initiate a series of aggressive rate cuts to support the economy. However, Fed Chairman Powell stated that Wednesdays rate cut was a risk management decision, arguing that a rapid adjustment of interest rates was unnecessary and that the Fed would make decisions on a meeting-by-meeting basis. This cautious statement dampened market hopes for a significant rate cut, sending U.S. Treasury bonds lower and yields higher. Gennadiy Goldberg, head of U.S. interest rate strategy at TD Securities, noted that Powells reluctance to express an overly dovish stance influenced interest rate movements, particularly as he framed the rate cut as an "insurance" measure.On September 18th, after the Federal Reserve made its interest rate decision, the "new bond king" Gundlach talked about the price of gold, which broke through $3,700 today. Gundlach pointed out that the price of gold has risen by more than 100% in the past two years and has risen by 45% so far this year. He called this trend "outrageous." Gundlach said: "Now even gold miners are participating, which shows that retail investors are beginning to join the momentum trading in the gold market." Gundlach pointed out that he has always been bullish on gold and predicted that the price of gold would reach $4,000 earlier this year. Today, he went a step further and expected the price of gold to rise by another $340 from the current level, an increase of about 9.2%. He said: "I think that by the end of this year, the price of gold will almost certainly close above $4,000.""New Bond King" Gundlach: As the next Federal Reserve chairman approaches, I think we will almost be in a situation of negative real interest rates."New Bond King" Gundlach: If long-term government bond interest rates are too high, yield curve control may be implemented.

S&P 500 Weekly Price Forecast – Stock Market Has Rough Week

Steven Zhao

Nov 07, 2022 15:32


Technical Analysis of the S&P 500

During the trading week, the S&P 500 plunged very sharply, approaching the 200-Week EMA. It will be challenging to understand what you were going to do next at this point because the market is probably going to continue to experience a lot of back-and-forth. A significant move to the downside is now possible if we break down below the 3600 mark at this moment. If that were to occur, I believe the S&P 500 would likely decline below the 3400 level, then the 3300 level.


On the other side, if we are able to move the market over the 3900 level and through to the 50-Week EMA, which is just above the 4000 level, it is possible. It will probably be more or less a "fade the rally" type of event because I believe we still have a ways to go before changing the general attitude. Due to this, the market is likely to perceive this as a situation in which we must use the weekly chart as a guide, but may also need to look at a lower timeframe, such as the daily or 4-hour chart, to start things moving in the wrong direction.


Given that the Federal Reserve has restated its aim to keep interest rates low for a longer period of time, the magnitude of the candlestick engulfs the preceding one, which does indicate that there will likely be selling pressure moving forward.

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