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On May 23, it was learned from the National Bureau of Data Science and Technology that the "Data Elements ×" initiative is accelerating the construction and operation of data infrastructure. The National Bureau of Data Science and Technology has conducted two rounds of pilot projects for data infrastructure construction, promoting the application and dynamic optimization of six technical routes, including privacy-preserving computing, blockchain, trusted data space, data fields, data networks, and data elements. Based on this, it has also incorporated cutting-edge technologies such as data weaving, data grids, and ontology. Currently, the two pilot projects cover 15 industries and 43 cities, collaborating with 19,000 ecosystem entities, launching 38,000 data products, and implementing over 270 application scenarios, promoting the release of data value on a larger scale and at a deeper level. Liu Liehong, Director of the National Bureau of Data Science and Technology, stated that this years "Data Elements ×" competition has added a "Data Infrastructure Track," hoping to strengthen the coupling between data infrastructure and application scenarios through "promoting application through competition and combining construction with application," and promoting the dynamic optimization and upgrading of technical routes and the verification of standards.Iranian Defense Ministry spokesman: Unless US President Trump accepts the demands of the Iranian people and respects Irans rights, he will face further setbacks.On May 23, Minister of Commerce Wang Wentao met with Malaysian Minister of Investment, Trade and Industry Johari in Suzhou on May 21. Johari was in China to attend the APEC Trade Ministers Meeting. The two sides exchanged views on deepening China-Malaysia economic and trade relations. Wang Wentao pointed out that China is willing to work with Malaysia to implement the "China-Malaysia Five-Year Plan for Economic and Trade Cooperation (2024-2028)," welcomes Malaysias active participation in the China International Import Expo and other exhibitions and the "Sharing the Big Market, Exporting to China" series of activities, and hopes that Malaysia will create a favorable environment for Chinese enterprises to invest in Malaysia. China is willing to further strengthen coordination and cooperation with Malaysia in regional and multilateral fields. Johari expressed his expectation that both sides will further deepen cooperation in traditional areas such as trade and investment, actively expand cooperation in emerging fields such as advanced manufacturing, and welcome more Chinese enterprises to invest and do business in Malaysia.According to Israels Channel 12: Security agencies are preparing for a possible decision by Trump to take military action against Iran in the coming days.According to Israels Channel 12: Israel is closely monitoring the draft agreement between the United States and Iran, fearing that Tehran may receive sanctions relief without resolving the nuclear issue.

S&P 500 Price Forecast – Stock Markets Continue to Suffer at The Hands of Fear

Jimmy Khan

Jan 20, 2023 11:59

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Technical Analysis of the S&P 500

During the trading session on Thursday, the S&P 500 E-mini contract somewhat retraced after puncturing the 50-Day EMA very early in the day. We have seen a lot of noise come and go from this market, so it is still unclear whether or not we will continue to move down, but it is definitely worth investigating. It's important to note that we had retreated from both a significant downtrend line and the 200-Day EMA. The sum of all of that suggests to me that although climbing higher will be challenging, it is not completely impossible. Wall Street, after all, has a special flair for snubbing the obvious.


The earnings season hasn't been great so far, and the Federal Reserve will continue to be tighter than most people think. Due to this, the commentators on financial networks will need to promote a fresh "story" to raise the market. The Federal Reserve will have to step in and save everyone because it very probably has to do with declining business profitability. They won't do so as long as inflation is as high as it is in the US, is the short answer to this. In all honesty, the Federal Reserve has no interest in repeating its actions from the 1970s.


Although I believe that ultimately we will search for the 3800 level, there could be a few brief upswings in the meantime. That turns out to be a great chance to start shorting again at the first hint of tiredness. However, I would anticipate that we would go straight towards 4200 if we break over the 4050 mark.


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