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On November 8, Chicago Mayor Brandon Johnson addressed the UN Human Rights Council on November 7. Johnson stated that the US federal governments refusal to accept review by the Human Rights Council was an attempt to evade scrutiny. He argued that the Human Rights Council should apply the same accountability standards to the US federal government as it does elsewhere in the world, and that no country is above international law. Johnson called on the Human Rights Council to send independent experts to Chicago to investigate the challenges facing the city; he also urged the Council to take further accountability measures, including convening a special session to investigate the worsening human rights crisis in the United States. The UN Human Rights Council was scheduled to hold its fourth round of Universal Periodic Review (UPR) on November 7, but the US representative refused to attend, preventing the review from proceeding normally. The Human Rights Council adopted a decision that day urging the United States to resume cooperation with the UPR mechanism.Russian Ministry of Defense: Russian troops have occupied the village of Vovche in the Dnipropetrovsk region of Ukraine.Ukrainian Prime Minister: Russia’s attack on Ukrainian dams damaged several large energy facilities in the Kyiv, Kharkiv and Poltava regions.November 8th - Pfizer has finalized its $10 billion acquisition offer for Metsera, a startup focused on weight-loss drugs, after a bidding war with Novo Nordisk. Novo Nordisk stated that after careful evaluation, it decided not to raise its offer and will continue to monitor business expansion and other acquisition opportunities. Under the agreement, Pfizer will complete the transaction at a maximum price of $86.25 per share, including an initial cash payment of $65.60 per share, and an additional consideration of up to $20.65 per share if certain performance targets are met.November 8th - On November 7th local time, Canadian Prime Minister Mark Carney stated that the increasingly close economic relationship between Canada and the United States over the past decades has come to an end. Carney said that Canada once enjoyed some economic advantages due to its close ties with the US, but this has now become a weakness. He described this change as rapid and almost seamless, and called for a swift and radical shift in Canadas economic strategy.

Stock Markets Continue to Attempt a Recovery

Cory Russell

Jul 08, 2022 15:05

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Technical Analysis of the S&P 500

The S&P 500 is aiming to reach the recent selloff peak of 3900, and I believe we may be in for some minor difficulties. There will likely be a lot of noise because of the job statistics that will be released on Friday from the United States. I think a selling opportunity will likely arise sooner rather than later because I think it is likely just a matter of time until we see tiredness enter the market.


The fools on Wall Street are still trying to persuade themselves that the Federal Reserve would take action to safeguard the stock market, but, let's be honest, every time they believe that will be the case, reality kicks in and drives the market down. I believe the market can only go so far as the 50 Day EMA is now hovering around the 4000 level. On the other side, it would also be unfavorable if we reverse course and break below the 3850 mark.


The interest rate problems are not the least of the reasons we are in a decline, but we also need to be concerned about profits and, of course, inflation difficulties. In the end, this is a market that, given enough time, is undoubtedly preparing for a shorting opportunity, but we need to see indications of tiredness in order to be short once again. In the end, I believe that this market will finally attempt to retest the lows. But if we were to surpass the 4000 mark, that would undoubtedly be significant.

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