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Musk: (Regarding the OpenAI verdict) The judge and jury never actually ruled on the merits of the case; they only ruled on a technical issue related to the schedule.Fitch Ratings: Despite ongoing uncertainty stemming from the Iranian conflict, the US leveraged funding market demonstrated broad resilience in April. The Iranian conflict continues to pose an upside risk to default expectations.May 19th - According to the Wall Street Journal, White House officials revealed that President Trump will preside over the swearing-in ceremony for incoming Federal Reserve Chairman Kevin Warsh at the White House on Friday. This ceremony underscores the importance Trump places on this appointment. Trump nominated Jerome Powell to head the Federal Reserve during his first term in 2018, and Powells swearing-in ceremony was held at the Federal Reserve, which Trump did not attend. The last Federal Reserve chairman to be sworn in at the White House was Alan Greenspan, who took office in 1987. Subsequent ceremonies have all been held at the Federal Reserve. The last president to attend such a ceremony was George W. Bush, who attended Ben Bernankes swearing-in ceremony in 2006. Later that year, Warsh was sworn in as a Federal Reserve Governor at the Eisenhower Executive Office Building, presided over by Vice President Dick Cheney. This Fridays swearing-in ceremony will conclude this unusually long transition at the top of the Federal Reserve hierarchy.On May 19, Iranian Supreme Leader Mojtaba Khameneis social media account reposted his first statement since taking office on May 18, reiterating his intention to consider opening new fronts in areas where the enemy is not adept. The statement said that research on opening other fronts has been completed, and that "the enemy has very little experience and is extremely vulnerable in these areas." The statement indicated that if the "state of war" continues, Iran will open these new fronts.The Dow Jones Industrial Average rose 159.95 points, or 0.32%, to close at 49,686.12 on Monday, May 18; the S&P 500 fell 5.45 points, or 0.07%, to close at 7,403.05 on Monday, May 18; and the Nasdaq Composite fell 134.41 points, or 0.51%, to close at 26,090.73 on Monday, May 18.

S&P 500 Forecast – Stock Markets Rally With Open of the Week

Cory Russell

Jan 10, 2023 15:19

Technical Analysis of the S&P 500

As New York traders continued to rejoice over the concept that wage inflation decreased from 0.4% month over month to the figure of 0.3% that we received on Friday, the S&P 500 rose strongly throughout the trading session on Monday. In other words, I believe they will be disappointed to learn that the Federal Reserve will not alter its stance. That gets me to my point: tomorrow at 9 AM New York time, Jerome Powell will be speaking. This is another another of the games Wall Street has been playing with the Federal Reserve. He will almost certainly say something to attempt to calm down the markets once again.


I'm searching for indicators of tiredness so I can start shorting as a result. Given that we are situated between the 50-Day EMA and the 200-Day EMA, it stands to reason that we can experience noise and weariness in this region. As a result, I will be shorting the market and watching for indications that momentum is waning. In addition, the CPI figures are due out on Thursday, which may come as a big surprise to the markets. The earnings season officially begins on Friday when the banks report in the morning.


In other words, despite the fact that the market is quite optimistic in the near term, there are many factors out there that might enter the picture and lead to issues. Sincere to say, neither I nor the majority of longer-term traders believe we are out of the woods just yet.

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