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On June 18th, it was reported that the revised "Regulations on the Management of Intelligent Connected Vehicles in the Shenzhen Special Economic Zone" will take effect on July 1st, sparking widespread discussion on social media platforms. Some online posts interpreted the phrase "orderly exploration of open road testing and demonstration applications throughout the city" in the revision as "opening up driverless taxis throughout the city," even linking it to topics such as "unemployment of ride-hailing drivers." What is the actual situation? Article 17 of the revision stipulates that the municipal government can "orderly explore open road testing and demonstration applications throughout the city, and explore the pilot implementation of commercial operations." Several industry insiders pointed out that the key to understanding this regulation lies in the phrase "orderly exploration." A relevant person in charge of the Shenzhen Intelligent Connected Transportation Association stated that "orderly exploration" is first reflected in the gradual nature of the legislative authorization. Currently, intelligent connected vehicles are limited to testing and demonstration, and no relevant policies for commercial pilot projects have been issued at the municipal level. This clause means that the government has obtained the legal basis to promote testing on a larger scale, but the specific timing and areas to be opened still need to be gradually promoted based on infrastructure conditions and safety assessment results. At the same time, "orderly" is also reflected in the parallel promotion pace of multiple scenarios.Investment bank Stifel raised its price target for Micron Technology (MU.O) from $550 to $1,500.June 18 - Ship tracking data from an international shipping information platform showed that three Saudi-flagged oil tankers carrying a total of 6 million barrels of crude oil passed through the Strait of Hormuz on the 18th.On June 18th, it was reported that on June 17th, the General Office of the Anhui Provincial Peoples Government officially issued the "Anhui Province Low Altitude+ Application Scenarios Expansion Project Action Plan (2026-2028)," clarifying the provinces three-year work goals, key tasks, and promotion measures for the low-altitude economy. According to the plan, by 2028, Anhui Province aims to achieve 5 million hours of annual low-altitude flight time, gather over 300 low-altitude operation companies, and cumulatively build 100 low-altitude application demonstration scenarios, forming a development model that is safe, commercially sustainable, and easily accepted by the public.Market news: European Commission President Ursula von der Leyen has proposed restricting the entry of Ukrainian refugees into the EU.

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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