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On September 15th, Eric Lefkofsky, CEO of the US medical technology company Tempus AI, stated in a media interview on Monday, "Given the current models ability to self-train and self-improve, its not hard to imagine a moment when one cant help but ask, Wont this get out of control, beyond our grasp?" He expressed agreement with slowing down the pace of AI development, citing both safety considerations and capital efficiency. He praised the efforts of Anthropic, OpenAI, and SpaceX in the healthcare field and downplayed concerns that "if the largest US companies slow down their investment, the US might fall behind." "I dont think theres any real risk in reducing the speed of a car from 100 miles per hour to 70 miles per hour," he said, "and I dont think the rest of the world will overtake us because of this."US President Trump: Now Im going to debunk another hoax, the claim that artificial intelligence will take over, devour, and destroy the world, and that robots will walk into our cities and wipe us all out! This is even more absurd than the Russia collusion investigation or the global warming hoax.According to a Reuters/Ipsos poll, 63% of Americans oppose Trumps proposal to give a $5,000 bonus if Republicans retain control of Congress.On September 15th, local time, Houthi spokesman Yahya Sarreya stated that Houthi air defense forces intercepted two formations of Saudi warplanes over Saada province, Yemen, on the 14th. Yahya stated that the two formations consisted of Typhoon fighter jets and F-15 fighter jets, taking off from Saudi air bases in Khamis Mushait and Taif. Yahya claimed that the Houthis used several homemade anti-aircraft missiles to intercept the aircraft and "forced them to retreat and return to base." Saudi Arabia has not yet responded to this.According to a Reuters/Ipsos poll, Democrats lead Republicans 44% to 37% in the independent congressional vote.

S&P 500 Price Forecast – Stock Markets Continue to Worry About Rates

Jimmy Khan

Feb 22, 2023 16:31


Technical Analysis of the S&P 500

The S&P 500 E-mini contract started overnight trading poorly and hasn't been making a lot of sense. Yet, the contract's high level of volatility persists, and as a result, downward pressure is beginning to build. It's important to note that the 200-Day EMA and the 50-Day EMA are located immediately below. Given that they are both rather flat, there may not actually be any momentum.


As it is slightly above the psychologically and structurally significant 4000 level, this may pave the way for a support level to develop in that approximate area. You must keep in mind that earnings season is now underway because it could cause the market to fluctuate. The moving averages and the psychologically significant 4000 level, if we were to break down below them, might drive the futures market and the index itself significantly lower.


It thus creates the chance of a decline down to the 3900 level, where we had experienced some buying pressure. Following that, there comes the 3800 level, which is considerably more significant and will get a lot of attention. When it comes to whether or not the market can save itself, we would be in that general area hanging on by a thread.


The previous two candlesticks have undoubtedly looked pretty bearish, and I think that may have some momentum built up in it. If the market were to flip around and bounce, then it may try to move towards the 4200 level. The minutes from the Federal Open Market Committee meeting, which are released on Wednesday, will undoubtedly also be relevant. This ought to provide traders a good indication of what the Federal Reserve members discussed during the meeting and whether or not there is an overall hawkish mindset or if there are any ice cracks appearing. This will have a significant impact on the market.

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