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On April 28th, the "Outline of the 15th Five-Year Plan for National Economic and Social Development of Guangdong Province" was officially released. It mentions focusing on building emerging pillar industries. The plan calls for implementing an industrial innovation project, optimizing the organizational model for strategic product and technology innovation, and promoting the integrated development of innovation facilities, technology research and development, and product iteration and upgrading. It aims to expand and strengthen emerging industries such as new energy, new materials, intelligent connected vehicles, intelligent robots, pharmaceuticals and medical devices, aerospace, integrated circuits, low-altitude economy, and biomanufacturing, cultivating more emerging pillar industries and forging more trillion-yuan and hundred-billion-yuan-level emerging industrial clusters. The plan also emphasizes fully leveraging the advantages of mechatronics and hardware-software synergy to develop strategic products such as computing chips, solid-state batteries, and innovative pharmaceuticals and medical devices, and solidly promoting intelligent driving technology innovation to create new drivers of development and new competitive advantages.April 28th - The China Council for the Promotion of International Trade (CCPIT) will hold its April routine press conference at 10:00 AM on Wednesday, April 29th, in the CCPIT Auditorium. This session will cover: preparations for the 4th China International Blockchain Expo; the upcoming 2026 Global Trade and Investment Promotion Summit (GTIS); progress on promoting Sino-US business cooperation; the outcomes of the second APEC Business Advisory Council (ABAC) meeting in 2026; and considerations for supporting the development of private enterprises and promoting high-quality development of e-commerce.On April 28th, the State Taxation Administration announced a tax evasion case. An investigation revealed that Bai Bing, a popular online influencer known for her restaurant reviews, evaded 9.1118 million yuan in personal income tax, value-added tax, and deed tax between 2021 and 2024 by changing the nature of her income and making false declarations. The State Taxation Administration ordered her to pay back the 18.9124 million yuan in taxes, late payment fees, and fines. All of the aforementioned amounts have now been recovered.Iranian Foreign Minister Araqchi: At a time of significant instability in the region, it is a pleasure to engage with Russia at the highest level. Recent developments have demonstrated the depth and strength of our strategic partnership. We appreciate this solidarity as bilateral relations continue to develop and welcome Russias support for our diplomatic efforts.On April 28th, the Changsha Municipal Housing Provident Fund Management Center issued two important documents: "Notice on Adjusting Housing Provident Fund Business Policies" and "Notice on Optimizing Housing Provident Fund Contribution and Use Policies for Flexible Employment Personnel." The new policies, effective May 1st, optimize and upgrade various aspects including loan limits, intergenerational assistance, medical expense withdrawals, and flexible employment contributions, further lowering the threshold for homeownership. The most attention-grabbing aspect of these new policies is the comprehensive increase in loan limits. For families purchasing newly built commercial housing, the maximum loan amount using provident fund loans is increased to 1.2 million yuan; for purchasing second-hand housing, the maximum loan amount is increased to 1 million yuan. Simultaneously, for families with two or more children purchasing their first or second owner-occupied home, the maximum loan amount can be increased by 30% from the current standard, with a maximum loan amount of 1.56 million yuan for new homes and 1.3 million yuan for second-hand homes. Furthermore, when citizens apply for provident fund loans to purchase newly built commercial housing, the number of housing units is determined solely by the number of units owned in the district/county (city) where the property is located.

S&P 500 Price Forecast – Stock Markets Have Volatile Opening for the Year

Skylar Shaw

Jan 04, 2023 14:27

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Technical Analysis of the S&P 500

In order to crash through the 50-Day EMA in the E-mini futures market at the start of the trading day on Tuesday, the S&P 500 gapped, but it later pulled back to close that gap. In the end, there probably will be support there, but I also believe there will be a lot of pushback there as well. I believe we continue to see a lot of loud activity since we have been congregating in the general area.


It's feasible that we may decline to the 3700 level or perhaps the 3600 level if we were to breach below the 3800 level. However, if we do break out to the upside, there is even more resistance close to the 200-Day EMA, which is located just at the 4000 level. I believe that at this moment, the only thing you can bet on is a lot of choppy activity. All else being equal, this market should end up being a good selling opportunity even if it rallies since there is also a downtrend line.


The Friday employment report will very probably have a significant impact on where we go next because, to put it bluntly, if it comes in hot enough, it will make people fear that the Federal Reserve will start tightening again. Beyond that, we need to be concerned about a global downturn and, obviously, profits that are going to plunge. In fact, given the continued high levels of market volatility and pessimism, it is extremely possible that the markets will see significant losses in the next year.

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