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French President Emmanuel Macron stated on April 2nd that attempting to reopen the Strait of Hormuz militarily is "unrealistic." Speaking to reporters during his visit to Seoul on Thursday, he said such an action would be time-consuming and uncertain, and would expose participating parties to the risk of being attacked by Irans Islamic Revolutionary Guard Corps. "This has never been an option we chose; we consider it unrealistic," Macron said. "We must be able to reopen this strait because it is strategically important for energy, fertilizers, and international trade, but this can only be achieved through negotiations with Iran." He indicated that the first step should be a ceasefire, followed by restarting negotiations, and that safeguarding operations could help ensure ships are not attacked. "The world cannot afford a situation where Iran can decide to open or close the strait at any time," Macron added.On April 2nd, Gong Zheng, Deputy Secretary of the Shanghai Municipal Committee and Mayor of Shanghai, conducted research on Shanghais leading industries in Pudong New Area. Gong Zheng stated that during the 15th Five-Year Plan period, Shanghai should accelerate the upgrading and competitiveness of its leading industries, and cultivate a large number of high-growth technology companies. He expressed hope that high-growth technology companies like Muxi would maintain their innovative momentum, continue to make breakthroughs, and fully utilize the resource advantages of Shanghai and Zhangjiang, strengthening industry-academia-research collaboration and upstream-downstream coordination to serve the digital transformation needs of various industries in Shanghai and help improve the quality and efficiency of all sectors. He also stressed that government departments should strengthen their service awareness, conduct thorough research and visits to key enterprises, promptly identify new situations and problems in industry development, address enterprise issues and demands with a "solution-oriented" approach, and promptly introduce industrial policies and measures to amplify the synergistic effects of policies, creating a first-class environment for the development of Shanghais leading industries.April 2 - US stock futures extended their losses, with Nasdaq 100 futures down more than 2%, Dow Jones futures down about 1.4%, and S&P 500 futures down about 1.6%.CME Group: In March, the average daily trading volume hit a new monthly high of 41.1 million contracts.CME Group: Average daily trading volume hit a new high of 36.2 million lots in the first quarter.

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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