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On June 9th, Mabrouk Chetouane, an analyst at Natixis IM, stated that although the market has fully priced in the European Central Banks (ECB) rate hike expectations for this week, ECB President Christine Lagarde still needs to proceed cautiously at the press conference, striving to portray this monetary tightening policy as a "dovish rate hike." The global head of market strategy said, "In fact, the current lack of clear signals that rising energy prices are having spillover effects on the real economy, coupled with the weakness of the European economic cycle, seems to support a more moderate approach to inflation." However, he also emphasized that, in accordance with its mandate and the creed of anchoring market expectations, the ECB Governing Council will still raise interest rates to enhance its credibility and demonstrate its responsiveness.French Foreign Minister Barrow: France is coordinating the implementation of sanctions with the United Kingdom, Canada, Australia, New Zealand and Norway.Britain and its allies have imposed sanctions on six entities involved in violence in the West Bank.Britain has imposed sanctions on networks that fuel violence among West Bank settlers.On June 9th, Jingfeng Medical (02675.HK) announced that its board of directors intends to exercise the general mandate granted by the resolution passed at the shareholders meeting on June 16, 2025, to use the share repurchase mandate to repurchase H shares in the open market from time to time with a total amount of up to HK$200 million, depending on market conditions. The implementation period will last until the conclusion of the next annual general meeting or until the special resolution withdraws/amends the repurchase mandate.

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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