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Chart: Precious metals market data for Industrial and Commercial Bank of China accounts on Monday, April 27, 2026.Hong Kong tech stocks saw some gains, with Baidu (09888.HK) rising over 5%, Alibaba (09988.HK) rising over 1%, and other stocks such as Beike (02423.HK), BOSS Zhipin (02076.HK), and NetEase-S (09999.HK) following suit.On April 27th, the Ministry of Culture and Tourism held a media promotion conference in Beijing for the 2026 National May Day Cultural and Tourism Consumption Week, officially launching the nationwide event. The conference announced plans to organize various regions to launch a series of affordable products, engaging activities, convenient services, and preferential measures for the May Day holiday, aiming to meet the travel and cultural tourism consumption needs of residents and tourists. It is understood that the May Day Cultural and Tourism Consumption Week will run from the end of April until the end of the May Day holiday. The Ministry of Culture and Tourism, in collaboration with relevant enterprises and institutions, will launch a series of diverse and beneficial cultural and tourism measures during the consumption week.On April 27th, Vishnu Varathan of Mizuho Securities stated that the Bank of Japan (BOJ) is expected to hold its policy steady this week, as the oil price shock triggered by the Middle East war could both damage demand and further exacerbate existing inflation risks. The BOJ is facing a dilemma, as it remains unclear which risk will prevail and what corresponding countermeasures should be taken. High inflation levels prior to the Middle East crisis and the sharp depreciation pressure on the yen limit the BOJs ability to ease policy prematurely to offset potential growth shocks. At the same time, the BOJ cannot raise interest rates too quickly or too drastically, as this could undermine the prospects for sustainable and healthy reflation.On April 27th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.3420%, and the lowest was 0.7730%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0680%, and the lowest was 1.0030%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.1480%, and the lowest was 1.0020%.

The US Stock Market Continues to Pull Back

Skylar Shaw

Apr 02, 2022 11:25

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S&P 500 Technical Analysis

On Friday, the S&P 500 sought to climb in the futures markets but gave back gains, indicating weakness. As a result, the market currently threatens the 4500 level in the futures market, which has previously been a key sector. As a result, it'll be fascinating to watch whether we can pull back much farther, possibly to the 50 Day EMA.


The candlestick's magnitude isn't particularly impressive, but it appears like the 4500 goal I suggested before will be tested. If we break it down further, the 50 Day EMA, which is at the 4400 level, makes a lot of sense, followed by the 200 Day EMA, which is also at that level. 


The market is still highly loud, and I believe it will continue to be so in the future. After all, there are a slew of confusing signals at the present, not least in the bond market, where many traders anticipate we'll see as many as eight interest rate hikes, while others say it's impossible.


Find a reason to go higher, but this is due to the fact that it is unconcerned about the underlying economy. Keep in mind that stock markets are about liquidity more than anything economic. If it were the case, the latest straight-up-in-the-air photo would not have taken place. 


That said, savage rallies are common in bear markets, so, while hope springs eternal, I'll be betting on the downside through options rather than directly in the market.


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