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On September 4th, it was learned from the China Development Bank (CDB) that on September 3rd, CDB successfully issued RMB 5 billion of 3-year green financial bonds through the China Foreign Exchange Trading Centers issuance system at the Shanghai Clearing House, with an issuance interest rate of 1.27%. This marks the first time CDB has used online book-building to issue green financial bonds, effectively improving issuance efficiency and transparency. The projects involved in this green financial bond issuance were strictly selected according to the "Green Finance Supported Project Catalogue (2025 Edition)," with a green rating of G1 (the highest level). The funds raised will be primarily used for key areas such as green infrastructure upgrades, energy-saving and carbon-reducing industries, green and low-carbon energy transformation, and ecological protection, restoration, and utilization. This issuance represents a new attempt by CDB to optimize its bond issuance pricing mechanism and narrow the price gap between the primary and secondary markets, as well as a new exploration of empowering green and low-carbon financing through market-oriented methods.On September 4th, BNP Paribas economists stated in a report that the persistent energy price shock, coupled with the resilience of the Eurozone economy, suggests the European Central Bank (ECB) may raise interest rates once in September and once in December. Economists expect the ECB to raise rates next week, while potentially raising its economic growth and inflation forecasts, further supporting the case for tightening monetary policy. Continued high energy prices and a strong economy make a second round of effects more likely, although current signs are still limited. Economists indicated that policymakers will continue to view the risks to the inflation outlook as skewed to the upside.According to The Times, British Prime Minister Burnham will approve the new Jack Road gas field project in the North Sea in late September.On September 4th, the Wuhan Municipal Housing and Urban Renewal Bureau, in conjunction with several other departments, issued a "Notice on Further Optimizing Real Estate Policies and Measures in Wuhan," relaxing the frequency of withdrawals from housing provident funds to repay personal commercial housing loans for first-time homebuyers. The previous restriction in Wuhan that "withdrawals for repaying personal commercial housing loans for first-time homebuyers can be made once every 12 months" has been removed. For those using only personal commercial housing loans, withdrawals can be made after six months of normal repayments, and thereafter, withdrawals can be made once a month, with the cumulative withdrawal amount not exceeding the amount of the personal commercial housing loan.On September 4th, TASS reported that, according to sources, US Presidential Envoy Viktor Witkov and President Trumps son-in-law Jared Kushner plan to visit Russia and Ukraine soon. TASS also reported that Ukrainian lawmaker Oleksandr Goncharenko posted on social media that day that Witkov and Kushner are likely to arrive in Kyiv, the Ukrainian capital, on the 6th. Russian President Vladimir Putin said on the 3rd that the possibility of resolving the Russia-Ukraine conflict still exists, but whether it can ultimately be achieved depends on the two parties involved in the conflict.

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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