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April 3 - According to data from online platforms, as of April 3, the total box office revenue for films in 2026 (including pre-sales) has exceeded 12 billion yuan.On April 3, Carson Groups chief macro strategist, Sonu Varghese, stated that the latest labor force data indicates that the economy is adding enough jobs to keep pace with population growth. However, he pointed out, "This will complicate matters for the Federal Reserve, making it pointless to consider rate cuts, especially given the scale of the impending inflationary shock." He added that inflation was already present before the Middle East crisis that caused energy prices to soar, "ultimately, last years rate cuts appear to have been a mistake."April 3rd - According to foreign media reports, strong US labor market data reduced market bets on a Federal Reserve rate cut this year, causing US Treasury prices to fall and yields to rise by 3 to 5 basis points, with the policy-sensitive two-year Treasury yield leading the gains. The market had previously expected the Fed to ease monetary policy by only about 1 basis point this year, compared to about 4 basis points before the report was released. David Robin, interest rate strategist at TJM Institutional Services LLC, said the Fed is "very likely to keep rates unchanged until the end of June, or even longer." He added, "This is pre-conflict data, but even so, it shows a higher baseline (for rate cuts)."On April 3, the Ministry of Commerce held a national teleconference to advance the "trade-in" program for consumer goods, summarizing the progress and achievements of the program in the first quarter and outlining key tasks for expanding consumption in the next phase. Vice Minister of Commerce Sheng Qiuping attended and addressed the meeting. Representatives from Zhejiang, Henan, Chongqing, and Shenzhen shared their experiences in expanding consumption. Jiangxi and Hunan explained the slow progress in disbursing subsidies for the "trade-in" program. The meeting emphasized that all regions and relevant departments should continuously optimize the implementation mechanism of the "trade-in" policy and ensure its effective and orderly implementation. It stressed accelerating the efficient direct connection between central and local platforms, strengthening data connectivity and interaction, continuously improving the efficiency of subsidy review and disbursement, and enhancing the consumer experience. The meeting also emphasized maintaining a strict approach, rigorously preventing and investigating fraudulent subsidy claims, and severely cracking down on illegal and irregular activities to ensure that subsidy funds are used effectively and achieve tangible results.Iranian media quoted the deputy political governor of Ilam province as saying that claims of US troops entering or being deployed in Ilam province by helicopter are untrue, and that the security situation in Ilam province is currently completely stable; we urge the public not to pay attention to rumors and to obtain information through official channels.

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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