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Market news: Regulators say the maintenance of U.S. attack submarines is costing billions of dollars.The U.S. military has guided 75 ships to change course.White House Press Secretary Janet Levitt said in an interview with Fox News on Thursday that the United States and Iran are not currently negotiating an end to the war because Washington is focused on exerting economic pressure on Tehran, but all options remain "on the table." "President Trumps primary goal has always been, and always will be, to ensure that Iran never acquires nuclear weapons. Its that simple. Therefore, we launched Operation Epic Fury to destroy their military capabilities. Now, weve launched Operation Economic Isolation to destroy their economy," Levitt said. "There are currently no negotiations taking place, and this will continue until the president believes they might come to the negotiating table in a meaningful way. We havent seen that yet." Levitt added, "He certainly continues to keep all options open, and the naval blockade remains in effect."UN Secretary-General Guterres: Funding from the United States will be received soon.According to foreign media reports, U.S. merchandise imports rose 3.7% in July. The growth was primarily driven by capital goods, which saw their largest increase since 1993. This category includes computers and accessories, semiconductors, and telecommunications equipment. Imports of artificial intelligence-related equipment have remained strong in recent months. Data also shows that both imports and exports of industrial goods declined in July. This category includes crude oil and petroleum products, as well as non-monetary gold, the latter having contributed to trade volatility over the past year.

S&P 500 Price Forecast – Stock Markets Give Up Early Gains

Cory Russell

Dec 29, 2022 14:37


Technical Analysis of the S&P 500

Initially attempting to rise during Wednesday's trading session, the S&P 500 eventually gave up gains and lost momentum due to the thin markets' lack of current interest. The 3800 level underneath should be sustained, but if we decline below that, it would be possible to slide considerably lower, maybe as low as the 3700 level.


At this point, rallies ought to be fading, therefore the 3900 level and the 50-Day EMA can serve as a ceiling from which to resume shorting. When signs of fatigue start to surface, they will be pounced on, and I won't think twice about shorting them. Because of this, I believe that the market will continue to be negative, although it's possible that unreliable money managers may attempt to pad their books towards the end of the year. This is a frequent occurrence since they must at least demonstrate to their customers that they possess the "proper stocks."


It appears like Wall Street will sometimes need a reminder that the Federal Reserve is dead serious, which is an issue that the Federal Reserve itself caused by coddling traders for 14 years, so I believe it's just a matter of time until we continue to go lower. In light of this, I am prepared to short this market gradually during rallies and when it begins to show symptoms of tiredness. However, at this time of year, I am not expecting for large swings, so you must see this through the lens of short-term trading.

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