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INEOS says the EU’s first full-scale carbon storage project will be operational.Germanys August PPI month-on-month rate and the UKs August seasonally adjusted retail sales month-on-month rate will be released in ten minutes.European Central Bank Vice President Vujicic: High inflation in the fall will drag down the economy.The main palladium futures contract rose 2.00% intraday, currently trading at 310.20 yuan/gram.On September 18th, European Central Bank Vice President Aleksandar Vujic stated that market bets on further interest rate hikes by the ECB are primarily driven by rising energy prices, but policymakers will consider broader economic indicators when deciding on their next move. He said, "The pricing of the interest rate path is mainly driven by rising energy prices. I want to emphasize that we do not look solely at energy prices when making monetary policy decisions, but rather at a wider range of data and standards. Focusing solely on energy prices is not advisable, no matter how important they may be. If inflation remains high throughout the autumn and affects household income and consumption behavior, it will also have a dampening effect on GDP. We will observe the situation over the next few months and adjust policy accordingly." Global bond yields have risen to their highest levels since before the financial crisis due to rising inflation and interest rate expectations, as well as the huge borrowing needs of governments and technology companies. Vujic said these trends do not pose a threat to financial stability because eurozone banks are well-capitalized and have ample liquidity.

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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