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According to the Financial Times, British ministers are exploring providing “targeted” energy spending relief to those most in need.Nomura Securities expects the Federal Reserve to cut interest rates by 25 basis points each in September and December, compared to its previous forecast of June and September.Westpac Bank expects the Reserve Bank of Australias terminal interest rate to rise from the current 4.1% to 4.85%.On March 30th, according to Qichacha APP, Shouxing Technology (Shanghai) Co., Ltd. recently underwent industrial and commercial registration changes, adding JD.com-affiliated company Suqian Yunbang Enterprise Management Co., Ltd. as a shareholder, and increasing its registered capital to 4.51545 million yuan. Qichacha information shows that the company was established in 2024, and its business scope includes: research and development of intelligent robots; development of basic artificial intelligence software; and development of artificial intelligence application software. Public information shows that Shouxing Technology is a developer of hyper-bionic humanoid robots.On March 30th, Paul Chew of Phillip Securities Research commented that the S&P 500 still has room to fall further given the continued rise in oil prices. The research director pointed out that since the outbreak of the Middle East conflict, the S&P 500 has fallen 7.9% from its peak. He stated that, in comparison, the index fell 17% from its peak during the Gulf War and the Russia-Ukraine War, respectively. Therefore, Chew added, "The market still has room to fall further, especially with oil prices continuing to climb."

Stock Markets Continue to Defy Gravity

Cory Russell

Aug 17, 2022 14:48

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Technical Analysis of the S&P 500

As we keep a careful eye on the 4300 level, the S&P 500 has fluctuated throughout Tuesday's generally tight trade. It seems likely that this offer would continue to give traders some trouble since the 4300 level has historically been a strong region of resistance. The market is expected to rise significantly if we can close above there on a daily candlestick. Despite this, there are several reasons to be worried, not the least of which being the fact that earnings season is already underway and has the potential to make a lot of noise.


Wall Street continues to hold the view that the Federal Reserve is not serious about tightening even if it is shouting from the sidelines about it. It will be fascinating to see how the volatility develops as long as that condition persists since a tighter Federal Reserve normally works against the value of equities. We could see a huge meltdown if Wall Street starts to trust them all of a sudden. However, if the Federal Reserve were to give in, it may push stocks a little higher. In complete candor, I also stated that last week. At this point, I believe Wall Street has gotten a little ahead of itself.


If we can break down below the 200 Day EMA, which should act as support, then it's probable that we will descend to the 50 Day EMA. On the other hand, the 4450 level may be in view if we do break out to the upside.

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