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On June 28th, according to the official WeChat account of Jiangsu News, Jiangsu Province has launched a series of precise and effective policy measures to stabilize the real estate market and further support urban renewal initiatives. At a Jiangsu Provincial Real Estate Investment Briefing held on the afternoon of June 26th, relevant departments explained the relevant policies recently issued by the provincial government to over 110 real estate entrepreneurs. This ever-expanding policy toolbox is rapidly translating into tangible benefits for urban renewal and the real estate market. Regarding policies to stabilize the real estate market, specific measures are proposed from three dimensions: land supply, development and construction, and property sales, within the framework of the "four ones" policy. At the meeting, all 13 prefecture-level cities in the province launched a batch of small, quick, and flexible high-quality land parcels, high-quality existing land parcels held by local state-owned enterprises, and key urban renewal projects.On June 28, Hong Kong Financial Secretary Paul Chan Mo-po published a blog post stating that Hong Kong is not only an important channel for attracting investment, but also a "key link" for mainland enterprises and products to go global, and a "converter" of standards and rules between technological innovation and the international market. Chan stated that under the national "dual circulation" development strategy, Hong Kongs international advantages can effectively assist mainland enterprises in connecting with the global market. The mainlands outstanding scientific and technological innovation capabilities can be efficiently linked with Hong Kongs international advantages, helping enterprises transform R&D results into overseas orders. At the same time, Hong Kong can introduce long-term international funding for hard-tech companies that require "patient capital," achieving "small-scale, early-stage, and long-term investment," supporting the growth of promising technology companies and emerging and future industries. Furthermore, Hong Kongs developing northern metropolitan area highly aligns with the strong entrepreneurial atmosphere of places like Xian, forming a positive cycle of mutual empowerment among education, technology, talent, and industry.Saudi Foreign Ministry: We strongly condemn Irans attacks on Kuwait and Bahrain and the threats to the safety and freedom of navigation in the Strait of Hormuz.Russian Ministry of Defense: In the past 24 hours, we have shot down 590 Ukrainian drones.Iranian Foreign Minister Araqchi: Israels withdrawal of troops from Lebanon and cessation of airstrikes against Lebanon are provisions of the interim agreement between Iran and the United States.

S&P 500 Price Forecast – Stock Markets Recover From Extreme Oversold Conditions

Lorna Divakar

Dec 22, 2022 16:15

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Technical Analysis of the S&P 500

Due to the fact that it seems as if we are approaching the 50-Day EMA, the S&P 500 has increased a little in the E-mini contract during the trading session on Wednesday. In the end, I believe that this market is attempting to reach some kind of balance between this point and the year's conclusion.


 After all, this is the year's worst period for liquidity, and there have undoubtedly been many worries lately. Even if Wall Street was waiting for a giveaway, Jerome Powell has been sure to underline the concept that the Federal Reserve was going to remain tight for a while.


A significant flush down might occur if we close below the hammer from the Tuesday session, but I don't believe it will happen straight away. Since this market has been overdone, in my opinion, we are merely rebounding until we see an exhaustion candle. I won't hesitate to start selling on that exhaustion candle since, to be honest, I believe it would be a really bearish indicator. In the end, I do believe that we will decline because, very honestly, a severe recession is imminent and it is clear that Wall Street is now beginning to concur with all of the forecasts.


To consider this a prospective market worth purchasing, we would need to at the very least knock out the top of the 200 day EMA. I just don't see how that could occur, therefore I believe you are watching for a chance to go short once again. You just don't know; it may happen in January or it might happen right now.

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