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August 13th - According to sources, the Truth API data service launched by Trumps media company is facing resistance from some trading firms. While some firms have already signed up to use the service, some, including Hudson Rivers and Citadel Securities, have stated they are unwilling to pay for it, arguing it is not a necessary condition for trading operations. The sources requested anonymity due to the non-public nature of the information. Analysts point out that existing insider trading regulations do not explicitly cover the president using his media platforms to release information that could affect the market, or selling access to such information to the market more quickly. Karen Woody, a professor at Washington and Lee University School of Law, stated that past regulatory systems did not presuppose that a sitting president might engage in such practices. Securities and Exchange Commission (SEC) Chairman Paul Atkins previously stated in an interview that the SEC is monitoring the Truth API data flow.On August 13th, AI chipmaker Cerebras reported second-quarter revenue of $210 million, a 103% year-over-year increase. Cloud revenue reached $126 million, nearly quadrupling year-over-year, but hardware sales declined 23% to $54.1 million. The company recorded a net loss of $450.5 million for the quarter, compared to a net profit of $309.5 million in the same period last year. The company raised its full-year guidance, now expecting core revenue to be between $880 million and $890 million, up from the previous range of $855 million to $865 million. This report has created a mixed bag for investors, as Cerebras stock price has risen 42% since its May IPO. Initially positioned as a challenger to Nvidia in the AI chip field, the companys largest revenue source is now cloud computing. Cerebras stated that its core gross margin will expand to 38% to 40% this quarter in response to investor concerns. Following the earnings release, Cerebras stock price fell more than 17% in after-hours trading.According to Axios: The Trump administration criticized Israeli Defense Minister Katzs remarks about continuing the occupation of southern Lebanon, saying that such statements violated commitments made by the Israeli government in agreements signed with the United States and Lebanon.The Dow Jones Industrial Average closed down 21.69 points, or 0.04%, at 53,770.16 on Wednesday, August 12; the S&P 500 rose 20.31 points, or 0.26%, to 7,748.51 on Wednesday, August 12; and the Nasdaq Composite rose 143.04 points, or 0.54%, to 26,588.49 on Wednesday, August 12.According to Israels i24News: At the request of Colombian earthquake disaster management authorities, Israeli Prime Minister Netanyahu has dispatched an aid team to Colombia.

S&P 500 Prices Forecast – Stock Markets Pull Back on Thursday

Alice Wang

Nov 18, 2022 17:27


Technical Analysis of the S&P 500

The S&P 500 E-mini contract experienced a significant decline during Thursday's trading session, approaching the 3900 mark. Considering that the 200-Day EMA has also provided some resistance, it's important to note that our pullback occurred exactly where you would anticipate it to. On the other side, it opens the door to a move to the 4150 level if we turn around and remove the top of the shooting star from Tuesday.


The market is likely to go in the direction of the 50-Day EMA and possibly even the 3800 level if we remove the 3900 level below. In the end, this market will suffer as long as the VIX remains in a very choppy range, resulting in, to put it mildly, loud behavior. The size of the candlestick does indicate that there might be some follow-through, so if we do drop below the 3900 mark, I'll be looking to start selling again.


However, given the choppy nature of volatility, it's possible that there will be some noise. This is especially true given that the markets are oscillating between the possibility of the Federal Reserve loosening or tightening monetary policy, since everyone seems to have a different take on the matter. A recession is another issue we need to be concerned about because it is just a matter of time until it enters the scene as well. How we proceed after 3900 will be crucial.

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