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On August 23, Rezaei, Secretary of Irans Supreme National Security Council, warned Gulf states against joining the US-imposed economic sanctions against Iran, stating that Tehran would retaliate against these countries interests. "If Irans neighbors join the US economic war, the Persian Gulf and the Strait of Hormuz will be completely depleted of oil, and we will also target other oil export routes in the Persian Gulf," he said. Rezaei also claimed that Trump launched the economic war against Iran at the urging of Israeli Prime Minister Netanyahu. He said Trump was initially skeptical of the idea, but Netanyahu persuaded him to test it for two to three months before assessing whether to continue for another six months. "What the enemy hopes for is division and discord," he reiterated, emphasizing Irans unity.According to Al Jazeera, sources familiar with the matter said that Pakistan’s first Chief of Defence Forces, Asim Munir, is expected to return to Tehran in the coming days.A 5.9-magnitude earthquake struck southern Ibaraki Prefecture, Japan, early on the 23rd. No abnormalities have been detected at several nuclear facilities near the epicenter. NHK, citing power company sources, reported that no abnormalities have been detected at the Fukushima Daiichi, Tokai, and Tokai Daini nuclear power plants, all located near the epicenter, and radiation monitoring readings around the plants have not shown significant changes.On August 23, it was reported that price competition for large-scale AI models has intensified recently, with several US AI companies lowering prices for their models. OpenAI, the US-based Open AI Research Center, announced on the 21st that it would reduce the base price of its cutting-edge GPT-5.6 Sol model for developers by over 20%, effective immediately. This discounted price will be valid for three months. At the end of last month, OpenAI also lowered the prices of other models, with mid-range models reduced by 20% and low-cost models by 80%. Furthermore, Google, a subsidiary of Alphabet, recently released Gemini 3.7 Flash and simultaneously lowered its price, making it approximately half the price of the previous version. Some US media analysts believe that the increasingly fierce price competition for large-scale AI models, particularly the open-source and pricing strategies of some Chinese AI companies, has put pressure on US companies.Irans Supreme National Security Council Secretary Rezaei: Iran will strike at the interests of countries that assist the United States in waging economic war against Iran.

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.