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On May 17th, in the second round of the WorldSSP class at the 2026 World Superbike Championship (WSBK) Czech Republic round, Valentin Debis, a French rider from Chinese motorcycle manufacturer Zhang Xue Motorcycles, won the championship again. This marks his second time this season achieving a perfect record in two rounds of a single race, following his victory in Portugal. This is also the fifth championship for the rider and Zhang Xue Motorcycles this season.On May 17th, The Guardian reported that the Labour Partys disappointing performance in recent local elections further exposed Starmers long-standing reputational problems. A recent YouGov poll showed that only 11% of Britons considered Starmer a good or excellent prime minister, while nearly 60% thought he was poor or very poor. However, the report pointed out that Starmer is not the only European leader facing a decline in approval ratings. Data from Statista shows that only 27% of people support Starmer, 65% do not, and 8% are unsure. Notably, German Chancellor Merz fares even worse, with a 19% approval rating and a 76% disapproval rating; French President Macrons situation is similarly dire, with an 18% approval rating and a 75% disapproval rating.May 17th - Ticketing platform data shows that the film "Love Letter to Grandma" has surpassed 500 million yuan in cumulative box office revenue on its 18th day of release.The Huatai-PineBridge Semiconductor ETF, representing China and South Korea, is experiencing a significant premium in the secondary market and will be suspended from trading from the opening of the market on May 18, 2026 until 10:30 on that day.The Security Service of Ukraine stated that Ukraine attacked an oil refinery and two oil pumping stations in the Moscow region of Russia.

Stock Markets Continue to Threaten a Breakout

Cory Russell

Aug 09, 2022 14:49

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During the Monday trading session, the S&P 500 surpassed the 200 Day EMA, where it is now meeting with a lot of resistance. As a result, things can get intriguing.

Technical Analysis of the S&P 500

On Monday during trade, the S&P 500 first declined before turning around and resuming its surge. The market had reached the 200 Day EMA at midday and was barely below the critical 4200 level. A rise to the 4300 level is conceivable if the market were to break through the 4200 level. However, bear in mind that the CPI statistic from the United States will be released on Wednesday and will offer traders more to consider on the inflationary outlook.


People tend to place a lot of faith in the Core CPI number since the Federal Reserve does like to pay careful attention to it, particularly if it comes out hotter than expected. Given that, I believe we will be treading a fine line over the next several days. However, if we were to break below the hammer that formed on Friday, it may indicate that the market is eager to sell equities ahead of the number, which I believe to be far more probable than most people know.


After all, there are many worries about future inflation and we are in a recession right now. Given that Wall Street has, very bluntly, made a career not pricing the market in accordance with reality, this does not necessarily imply that it must do so. However, it's clear that there is a lot of technological resistance here, so everything fits together rather well.

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