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On September 2, Foreign Ministry Spokesperson Guo Jiakun held a regular press conference. A reporter asked, "It is understood that at the second G20 Finance Ministers and Central Bank Governors Meeting held from August 31 to September 1, no communiqué was issued because China held differing views on the issue of global imbalances. What is Chinas comment on this?" Guo Jiakun stated, "We have noted that the parties held differing views on relevant issues at the just-concluded G20 Finance Ministers and Central Bank Governors Meeting. China deeply regrets that the meeting failed to issue a communiqué. As the main platform for international economic cooperation, the G20 should coordinate important global economic issues objectively, fairly, and in a balanced manner based on the principles of consensus and equal participation. China expects the United States, as the chair country, and all members to adhere to this principle, fully respect the legitimate concerns of all parties, and promote positive outcomes at the 2026 Miami Summit."On September 2nd, Foreign Ministry Spokesperson Guo Jiakun held a regular press conference. A Bloomberg reporter asked, "It has been reported that Russian President Vladimir Putin discussed the possibility of a trilateral meeting between China, Russia, and the United States during their talks with Chinese leaders at this years APEC summit hosted by China. What is the Foreign Ministrys comment on this?" Guo Jiakun replied, "Regarding your question, I currently have no information to provide." He added, "As the host of this years APEC summit, China is willing to work with all parties to ensure the success of the APEC China Year and make new contributions to promoting economic growth in the Asia-Pacific region and the world."German Foreign Minister Waldfol: I see strong support and unity within the EU; Europe is united.On September 2, the Iranian Islamic Revolutionary Guard Corps (IRGC) announced that, in retaliation for previous US attacks, it conducted a joint missile and drone strike against the US Ali Salim Air Base in Kuwait in the early hours of the day. Targets included US commanders command and accommodation areas, drone hangars, and the tarmac. The announcement stated that the attack resulted in the deaths of several US personnel, the destruction of multiple drones involved in the attacks on Iran, and fires at the hangars and tarmac. The IRGC stated that this operation was conducted concurrently with attacks on US bases in Jordan, Bahrain, and Erbil, Iraq.According to Irans Mehr News Agency, a US airstrike on Ravan Island in Iran has killed three members of the Bass Benchmark military organization.

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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