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On August 17th, Fu Linghui, spokesperson, chief economist, and director of the Department of Comprehensive Statistics of the National Economic Bureau, stated at a press conference held by the State Council Information Office that with the accelerated construction of county-level commercial systems and the extension of logistics and distribution systems and information networks to rural areas, the consumption vitality of lower-tier markets is increasing. From January to July, rural retail sales accounted for 13.4% of total retail sales of consumer goods, an increase of 0.2 percentage points compared to the same period last year.Iranian Foreign Ministry spokesman: A map of maritime passage routes with Oman is being carefully developed.Iranian Foreign Ministry Spokesperson: The recent war stemmed from the enemys misjudgment of the Iranian national will.On August 17th, Wang Guanhua, spokesperson for the National Bureau of Statistics and Deputy Director of the Department of Comprehensive Statistics of the National Economy, stated at a press conference held by the State Council Information Office that whether prices can rise reasonably depends mainly on domestic demand and the supply-demand relationship. The Politburo meeting emphasized "optimizing the implementation of coordinated fiscal and financial policies to boost domestic demand" and "adapting to the consumption needs of different groups, expanding high-quality supply, and tapping the potential of service consumption." Various regions and departments are working diligently to implement these policies. In the next stage, various policies to expand domestic demand and promote consumption will be implemented successively, continuously releasing the potential of service consumption, rapidly iterating new products, and stimulating new consumption demands. It is expected that my countrys prices will maintain a moderate upward trend in the second half of the year.Iranian Foreign Ministry spokesman: We are not the kind of party that makes decisions under time pressure and ultimatums.

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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