EUR/USD 1.16091
0.182%
Gold 4433.20
1.031%
Oil 90.346
1.380%
USD/JPY 156.036
-1.682%
GBP/USD 1.34922
0.051%
GBP/JPY 210.531
-1.633%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Rosenblatt Securities raised its price target for Broadcom (AVGO.O) from $500 to $600.September 3rd - Jeff Bezos Blue Origin is developing its planned satellite network, and its employees are being poached from another Bezos company, Amazon. According to LinkedIn data, the billionaires space company has poached at least 47 senior employees from Amazons Leo satellite project in the past year. Analysis of their online posts reveals that many are currently involved in the development of Blue Origins emerging satellite communications project, TeraWave. Amazon Leo plans to begin selling broadband internet services to customers by the end of this year, eventually targeting homes, businesses, and governments worldwide. Blue Origins TeraWave, announced in January, is seeking regulatory approval to build an equally ambitious satellite network of thousands of satellites to serve enterprise and government customers with high data transmission demands that previously required custom fiber optic connections.A Reuters poll released Thursday indicated that the European Central Bank (ECB) will raise interest rates for the second and final time on September 10, marking its shortest rate hike cycle in 15 years. Most economists in the poll believe that rising energy prices are unlikely to trigger widespread inflationary pressures. Despite renewed tensions in the Middle East in recent days and a sharp rise in global bond yields over the past week, forecasters focusing on the ECB maintain that the central bank is unwilling to add further pressure to the fragile economy. Carsten Brzeski, global head of macro at ING, expects the ECB to raise rates by 25 basis points in September and then stop. He stated, "Given the public finance difficulties and soaring bond yields, its still hard to imagine the ECB really wanting to add fuel to the fire. In other words, its hard to imagine the ECB being willing to risk a recession to deal with what is still a typical supply-side shock."Deutsche Bank raised its price target for Dell (DELL.N) from $480 to $520.A Reuters poll shows economists expect the European Central Bank to raise interest rates for the second time in September, after which it will stop raising rates.

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.

Suggestion