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August 17th - According to Irans Tasnim News Agency, Irans Minister of Agriculture stated: "Despite numerous problems and difficulties in recent months, there are no threats to food security, and the enemy has lost hope in this area. There has been no panic buying by the public in recent months. Based on the credibility built over the past 14 months, and the contingency plans and forward-looking arrangements implemented by the government and various levels of authority, food security will remain stable. Most affairs in the agricultural sector are now integrated into intelligent systems and under comprehensive control. Our assertion of perfect food security is based on a complete grasp of information systems. Nevertheless, we acknowledge that the public still bears a heavy economic burden due to factors such as war, blockades, rising prices, increased insurance and transportation costs, and fluctuations in international market prices."Irans Agriculture Minister: Despite the numerous problems and difficulties faced in recent months, there are no threats to food security, and the enemy is desperate in this area.The China Earthquake Networks Center officially determined that a magnitude 2.5 earthquake occurred at 14:15 on August 17 in Lixian County, Longnan City, Gansu Province (33.92 degrees north latitude, 104.95 degrees east longitude), with a focal depth of 10 kilometers.August 17th - AstraZeneca announced the official launch of Tezspire® (generic name: teszelinumab injection) in China. Based on positive results from the DIRECTION and WAYPOINT Phase III clinical trials in March 2026, teszelinumab received approval in China for two indications: maintenance therapy for severe asthma in adults and adolescents aged 12 years and older; and for use in combination with nasal corticosteroids to treat adult patients with chronic rhinosinusitis with nasal polyps (CRSwNP) whose disease is not adequately controlled by systemic corticosteroids and/or surgery.On August 17th, Daiwa Securities economist Kento Minami stated that given the weak economic growth data released on Monday, the Japanese government is unlikely to announce a formal exit from deflation in the current fiscal year ending March 2027. The Sanae Takaichi government previously stated that it would closely assess whether the Japanese economy is strong enough to avoid falling back into deflation before formally announcing the end of deflation. The market is closely watching the timing of the governments announcement, as it could influence the governments attitude towards further tightening monetary policy by the Bank of Japan. Minami stated that the fundamentals of the Japanese economy are improving, and key indicators such as the inflation rate, output gap, and unit labor costs also suggest that the risk of Japan falling back into persistent deflation is low.

The US Stock Market Continues to Pull Back

Skylar Shaw

Apr 02, 2022 11:25

微信截图_20220402091730.png

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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