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On June 26th, according to Qichacha APP, Hangzhou Feikuo Technology Co., Ltd. recently underwent industrial and commercial registration changes, adding Zhiyuan Innovation (Shanghai) Technology Co., Ltd., an affiliate of Zhiyuan Robotics, as a shareholder, and increasing its registered capital to 1.07 million yuan. Qichacha information shows that the company was established in 2024, and its business scope includes: R&D of intelligent robots; manufacturing of industrial robots; manufacturing of intelligent unmanned aerial vehicles; and sales of artificial intelligence hardware. Public information shows that Feikuo Technology, as a secondary development company, accurately targets the scenario-based application of robot-embodied intelligence.On June 26, Xi Jinping, General Secretary of the CPC Central Committee and President of China, met with Hun Sen, Chairman of the Cambodian Peoples Party and President of the Senate, at the Great Hall of the People. Xi Jinping emphasized that the current international and regional situation is undergoing complex and profound changes, and China and Cambodia should work together to demonstrate their responsibility amidst change and uphold justice amidst chaos, injecting more stability into regional peace and development. China is willing to establish a security partnership with Cambodia. China highly appreciates Cambodias determination and actions in combating telecommunications and online fraud and is willing to work with Cambodia to continue its efforts to completely eradicate this "cancer" of telecommunications fraud.On June 26th, XPeng Robotics Center announced the establishment of nine new secondary departments. He Xiaopeng, who previously announced his personal appointment as head of the Robotics Center, also currently serves as the head of the Product Department, directly reporting to the heads of various organizations within the Product Department. Additionally, He Xiaopeng reports directly to Gu Jie, Liu Xianming, and Yu Tao, who respectively head the Embodied Systems Engineering Department, the General Base Department (virtual), and the Brand Marketing Department (acting). Previously, He Xiaopeng stated in an internal letter that he dedicates a full day each week to "in-depth thinking and discussion about the robotics business and the robotics team." Currently, XPeng Robotics Center comprises nine secondary departments: Product Department, Embodied Systems Engineering Department, Control and Safety Development Department, Embodied Intelligence Department, Data Closed-Loop Department, General Base Department (virtual), Product Matrix Department (virtual), Brand Marketing Department, and Project Management Department.June 26 - According to information released by Moscow Mayor Sergei Sobyanin via social media on June 26 local time, between 2:24 AM and 7:23 AM that day, Russian air defense systems shot down 47 drones heading towards Moscow. The Russian Ministry of Defense also reported early on the 26th that overnight, Russian air defense forces intercepted and destroyed 660 Ukrainian fixed-wing drones in multiple locations.Asian tech stocks generally fell on Friday after Apple raised prices. Investors are concerned that rising component costs will dampen demand for end devices and ultimately drag down memory chip prices, which have been supporting the AI investment boom. The market is reassessing whether soaring memory prices, driven by continued strong AI demand, will begin to suppress overall spending by increasing costs for electronics manufacturers and consumers. Apples price increase is one of the clearest signals yet that the industrys pricing power may be at the expense of future demand, prompting the market to reassess the valuation of AI-related semiconductor stocks. "The market is no longer viewing rising memory prices as a necessary positive factor for the entire AI deal," said Charu Chanana, chief investment strategist at Saxo Bank. "While this demonstrates that demand for AI infrastructure remains strong, it also drives up the cost of building and using AI. The risk is that the current strong memory chip cycle may slow down the entire AI deal in the future, and the market has already begun to price this in."

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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