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The Dallas Fed and the New York Fed will launch a pilot survey of the private credit market by the end of the third quarter of 2026.The SC crude oil futures contract fell by 2.00% during the day, currently trading at 502.70 yuan per barrel.1. EIA report: U.S. crude oil exports increased by 218,000 barrels per day to 3.685 million barrels per day in the week ending July 31. Commercial crude oil inventories, excluding strategic reserves, increased by 2.479 million barrels to 407 million barrels, a rise of 0.61%. 2. According to Reuters, the U.S. Treasury Department released details on its website on Wednesday that the U.S. has lifted counterterrorism sanctions on two aircraft and three airlines linked to Irans Islamic Revolutionary Guard Corps. 3. According to statistics from the Silicon Industry Association, domestic polysilicon production in July was 105,100 tons, while silicon wafer production was 55.26 GW. Inventories increased by 9,600 tons (including imports and exports) in July. As of the end of July, polysilicon industry inventories were approximately 522,000 tons. 4. Guillermo Wade, head of the Argentine Port Industry Chamber of Commerce, said on Wednesday that Argentine grain ports had resumed normal operations after a pilots strike brought the countrys foreign trade to a standstill for about 24 hours. 5. According to the Associated Press, two regional officials told the AP on Wednesday that negotiators from Iran and Oman have reached an agreement on a draft contract, which is now awaiting final approval from Irans Supreme Leader. 6. Data released by the U.S. Department of Agriculture (USDA) shows that private exporters reported selling 120,000 tons of corn to Mexico. Of this, 30,000 tons will be delivered in the 2026/2027 marketing year, and 90,000 tons will be delivered in the 2027/2028 marketing year. 7. Minneapolis Fed President Neel Kashkari, a 2026 FOMC voting member, said in an interview with CNBC on Wednesday that the Fed should now "start gradually raising" interest rates to reduce inflation and avoid the need for larger rate hikes in the future. 8. ADP report: Private employers added 44,000 jobs in July. While hiring was relatively weak across industries in July, wages sent a clear signal. Wage growth for job changers accelerated in July.U.S. Treasury Secretary Bessant: One of the highlights of Warshs tenure at the Federal Reserve was watching those stenographers posing as journalists, such as Nick Timiraos of The Wall Street Journal (formerly known as the "Federal Reserve mouthpiece"), reduced to reporting behind-the-scenes gossip about the Fed, because they couldnt produce any real economic or monetary policy analysis without someone feeding them information.Federal Reserves Kashkari: The Fed will see a lot of data ahead of its September meeting.

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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