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On May 27, Liu Guixiang, a deputy ministerial-level full-time member of the Judicial Committee of the Supreme Peoples Court and a second-level grand justice, stated at a press conference held by the State Council Information Office that the peoples courts will make every effort to safeguard national security and social stability. They will punish crimes that endanger national security and public safety, and disrupt the socialist market economy order, in accordance with the law. Adhering to the principles of marketization and the rule of law, they will comprehensively perform their functions of administrative, civil, and criminal adjudication, and prevent and resolve risks in key areas such as finance and real estate.On May 27, the State Council Information Office held a press conference on the theme of "Starting the 15th Five-Year Plan" to introduce the relevant situation of "Promoting the Rule of Law in All Aspects." At the press conference, Miao Shengming, Deputy Procurator-General and Second-Level Senior Procurator of the Supreme Peoples Procuratorate, stated that the procuratorate will severely punish crimes that have drawn strong public condemnation, such as serious violence, gun and explosives-related crimes, organized crime, crimes endangering production safety, and telecommunications and internet fraud, in accordance with the law. Those who should be arrested will be arrested, and those who should be prosecuted will be prosecuted. In particular, the procuratorate will swiftly arrest and prosecute individuals who commit serious and heinous crimes, and severely punish them, thereby more effectively deterring crime and stabilizing public sentiment.On May 27th, the Shanghai Stock Exchange (SSE) announced on May 26th that it had recently co-hosted an online international roadshow event, "Focus on SSE: Brazil Special," with the Brazilian Securities and Futures Exchange. The event attracted over 40 institutions from Brazil, including asset management companies, financial intermediaries, pension funds, and banks. Going forward, under the overall guidance of the China Securities Regulatory Commission (CSRC), the SSE will explore cross-border cooperation with more overseas markets, continuously enrich cross-border investment products, facilitate the allocation of overseas medium- and long-term funds to Chinese assets, and promote greater international investor understanding and investment in China through diverse themed events, enabling them to share in the high-quality development of Chinas capital market.On May 27th, according to the latest data released by the China Index Academy, in April, the total bond financing amount in the real estate industry reached 61.48 billion yuan, a year-on-year increase of 28.8% and a month-on-month increase of 18.5%. Among them, real estate corporate bond financing amounted to 37.48 billion yuan, a year-on-year increase of 2.6% and a month-on-month decrease of 9.1%, accounting for 61%; overseas bond financing amounted to 3.43 billion yuan, accounting for 5.6%; and ABS financing amounted to 20.57 billion yuan, a year-on-year increase of 83.9% and a month-on-month increase of 93.1%, accounting for 33.5%.Goldman Sachs raised its year-end 2026 target for the S&P 500 to 8,000, up from 7,600 previously.

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.