EUR/USD 1.10708
0.171%
Gold 3111.79
-0.078%
Oil 66.239
-0.098%
USD/JPY 146.021
-0.030%
GBP/USD 1.31031
0.031%
GBP/JPY 191.334
0.018%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 4, the Yangtze River Delta Railway ushered in the peak of passenger flow during the Qingming Festival. It is expected to send 4.1 million passengers today, 365,000 more than the same period last year, an increase of about 9.8%, and is expected to set a new record for single-day passenger volume. This years Qingming Festival railway transportation will start from April 3 to 7. The Yangtze River Delta Railway is expected to send 17.6 million passengers in 5 days, with an average daily passenger flow of 3.52 million, a year-on-year increase of 6.8%.The yield on the two-year U.S. Treasury note fell to a six-month low of 3.6550% and was last at 3.6611%.On April 4, local time on April 3, U.S. Secretary of Health and Human Services Robert Kennedy Jr. said that about 20% of the layoffs in the Department of Government Efficiency were wrong and needed to be corrected. The U.S. Department of Health and Human Services laid off about 10,000 people on the 1st. Kennedy said that people who should not have been laid off were laid off, and the department is restoring their positions. Kennedy said that canceling the entire lead poisoning prevention and monitoring department of the Centers for Disease Control and Prevention was one of the mistakes. At present, it is unclear what other projects Kennedy may plan to restore.Bank of Japan Governor Kazuo Ueda: Will consider the impact of food costs on consumers.On April 4, local time on the 3rd, the automobile company Stellantis said that due to the impact of the US import automobile tariff policy, the company decided to lay off 900 employees in its five US factories and suspend production operations at two assembly plants in Canada and Mexico. Antonio Filosa, Chief Operating Officer of Stellantis Americas, said that the US factories that were laid off were powertrain and stamping parts factories, which produced spare parts for two assembly plants in Canada and Mexico. According to the plan, the assembly plant in Canada will stop production for two weeks, and the assembly plant in Toluca, Mexico will suspend production throughout April. Filosa said the company is "continuing to evaluate the medium- and long-term impact of tariffs on operations."

Stock Market Forms Shooting Star for the Week

Cory Russell

Apr 02, 2022 11:41


微信截图_20220402111304.png

S&P 500 Weekly Technical Analysis

During the week, the S&P 500 surged and even broke above a huge double top before turning around and showing indications of trepidation. The formation of the shooting star suggests that the S&P 500 is about to start tumbling again. If it does, the 4200 level could be a goal due to the fact that it has previously provided some assistance.


Keep in mind that the stock market has nothing to do with anything other than liquidity and the next move by the Federal Reserve. It's been so long since we've concentrated on the economy that it's tough to recall what it was like to trade based on profitability or growth. With that in mind, we'll have to wait and see what happens with the Fed funds futures rate, because if it continues to rise or remain elevated, equities will suffer. Based on the inflationary challenges, there are doubts about whether the Federal Reserve will continue to tighten. At the end of the day, the only thing that matters to Wall Street is cheap money.


It's possible that if we spin around and break above the top of the shooting star, we'll be able to reach the 4800 level. Following a break above that level, a "buy-and-hold" scenario emerges, most likely shortly after the Federal Reserve caves in to Wall Street. Volatility is probably the only thing you can bank on, in my opinion.


Suggestion