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According to AXIOS: OpenAI is in advanced talks to purchase electricity from Helion Energy, a nuclear fusion startup backed by Sam Altman.On March 23, the UK gilt market suffered a sharp decline on Monday as markets anticipated the Bank of England would have to raise interest rates four times this year to combat soaring energy prices. In the morning, the yield on 10-year UK gilts rose 0.06 percentage points to 5.05%, keeping borrowing costs at their highest level since 2008. Since the outbreak of conflict in the Middle East, the yield on 10-year UK gilts has risen 0.8 percentage points, putting UK gilts on track for their worst month since the 2022 “mini-budget” crisis. The surge in energy prices has fueled concerns that the UK may be heading into stagflation. Derek Halpenny, head of global markets research for Europe, the Middle East and Africa at MUFG, said, “The UK gilt market looks a bit overdone.” He also noted that market expectations for four rate hikes were “exaggerated.” The chief investment officer of Aegon Asset Management stated, “UK gilts are suffering from the combined effects of stagflation, fiscal instability and unfavorable market positioning – a truly frightening combination.”On March 23, local time, Alexander Drozdenko, governor of Leningrad Oblast, Russia, said on social media that an oil depot at the port of Primorsk in Leningrad Oblast was attacked by a drone and caught fire in the early hours of the day. Workers were evacuated, and the fire is still burning. Drozdenko said that more than 60 drones have been destroyed in the skies over Leningrad Oblast in less than a day. The press office of Pulkovo Airport in St. Petersburg reported that 62 flights were canceled and 80 flights were delayed due to the drone attack threat. Takeoffs and landings gradually resumed from 9:00 AM local time on March 23. The Russian Federal Aviation Administration stated that it will continue to monitor the situation at airports in northwestern Russia to ensure flight safety.March 23 - United Airlines CEO Scott Kirby stated that the companys worst-case scenario is that oil prices rise to $175 per barrel and do not fall back below $100 by the end of next year. High oil prices could lead to a reduction in air capacity, and several airlines have already begun cutting flight frequencies.On March 23, according to Qichacha APP, Zhiyuan Innovation (Shanghai) Technology Co., Ltd. recently successfully registered the trademark "Zhiyuan Kootop," with international classifications including scientific instruments, mechanical equipment, and design research. Media reports also indicate that on March 23, Zhiyuan Robotics released the Zhiyuan Kootop D1MAX, an industry-leading quadruped robot. The Zhiyuan Kootop D1MAX reportedly boasts a 30km range, IP67 protection, a 30kg payload capacity, a speed of 8m/s, and a 30km range for traversing extreme terrain, making it suitable for applications in security, inspection, emergency response, firefighting, and logistics.

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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