EUR/USD 1.16349
0.034%
Gold 3990.03
-2.781%
Oil 61.446
0.212%
USD/JPY 153.065
0.158%
GBP/USD 1.33295
0.137%
GBP/JPY 204.032
0.295%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On October 27th, global seaborne crude oil volumes surged to a new record, indicating that oil supplies continue to increase despite rising prices following sanctions on some of Russias largest oil companies. According to data from Vortexa Ltd., approximately 1.4 billion barrels of crude oil are currently being loaded on tankers, the highest level since records began in 2016. Maritime crude oil shipments have climbed for the past 10 weeks, the longest such streak since data began being released. This is driven by continued production expansion by OPEC+ and countries outside the producer group, particularly in the Americas. Last week, the Trump administration imposed sanctions on Russian oil giants Lukoil PJSC and Rosneft PJSC, driving a strong rebound in crude oil prices from five-month lows. However, prices are still expected to fall 7% this month as concerns about oversupply intensify. The International Energy Agency predicts that as global supply continues to rise, the oil market will enter a record surplus next year.On October 27, Berkshire Hathaway (BRK.AN, BRK.BN) received a rare "sell" rating, as analysts remained cautious about its earnings outlook and continued concerns about Warren Buffetts impending departure and macro risks. New York investment bank KBW (Keefe, Bruyette & Woods) downgraded the conglomerates Class A shares from "market perform" to "underperform," citing "many factors moving in the wrong direction." This is the only sell rating among the six analysts covered by the firm. "In addition to our ongoing concerns about macro uncertainty and Berkshires historically unique succession risk, we believe the stock will underperform as earnings challenges emerge and/or persist," analyst Meyer Shields wrote in the report. Berkshire Class B shares fell about 1% on Monday. So far this year, the stock has risen just 7.8%, compared to a 16% gain for the S&P 500.Pemex: By the end of the third quarter, it had received 380.1 billion pesos in support from the government.Pemex: Crude oil and condensate production in the third quarter was 1.65 million barrels per day, a year-on-year decrease of 6.6%.Pemex: Crude oil processing volume in the third quarter was 1.01 million barrels per day, a year-on-year increase of 4.9%.

S&P 500 Prices Forecast – Stock Market Pulls Back

Alice Wang

Nov 01, 2022 16:16

微信截图_20220913115018.png

Technical Analysis of the S&P 500

The S&P 500 has slightly declined during Monday's trading session as a result of the recent high level of volatility. We also need to be concerned about the Wednesday session since the Federal Reserve will be discussing interest rates that day, which means there will be a lot of volatility and commotion in the area.


The Federal Reserve's announcement on Wednesday will be closely watched by the S&P 500 and market participants as they attempt to determine whether or not they will continue to tighten monetary policy or whether they will slow down. There is a lot of optimism that they would slow down, but at this point, there is really no reason for it.


The 50-Day EMA is below and is still indicating market significance; it should now provide a large level of support. In the end, this market is still quite loud in my opinion. I will be paying great watch to the 3800 level, which has generated substantial resistance, so it shouldn't come as a major surprise if there is market memory there.


The market is still exhibiting a lot of noisy behavior, and once that announcement is made at the end of the day on Wednesday, I predict that there will be a lot of back-and-forth trading as investors attempt to predict whether or not Jerome Powell would cut down the pace of raises. To be honest, I don't think he will, and I think there could be a lot of disappointment.

Suggestion