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August 20th - As US government borrowing increases at an unprecedented rate, the total US national debt has surpassed $40 trillion. Despite Trumps promises to control government spending, the ever-expanding debt continues to raise concerns among investors about the state of US public finances. According to data released by the US Treasury Department on Wednesday, the total US federal debt surpassed the $40 trillion threshold on Tuesday. In the past year, its debt has increased by $3 trillion, the fastest growth rate in history excluding the pandemic period. "Its like a huge warning light on a car engine," said Mark Godwin, senior policy director at the Committee on a Responsible Federal Budget. "It doesnt mean the engine will burn out tomorrow, but its a clear signal that things are out of control. The problem isnt just the sheer size of the debt, but the speed at which weve reached this level." Over the past two decades, US national debt has risen dramatically, climbing from less than $6 trillion at the beginning of the century to its current level. Massive public spending during the financial crisis and the COVID-19 pandemic exacerbated the widening budget deficit. In the past decade alone, the overall debt has doubled. The Congressional Budget Office projects that the ratio of publicly held federal debt to GDP will exceed the historical peak of 106% set in 1946 after World War II around 2030, and will further climb to 120% by 2036.According to Al Jazeera: A U.S. State Department spokesperson said the Trump administration has begun discussions on Syrian sovereignty and Israels right to self-defense.On August 20th, OpenAI announced it will enhance its security processes for paid users and begin testing "private security processing." This technology aims to improve security by identifying risk patterns across multiple interactions, rather than simply analyzing single prompts and responses. OpenAI stated that as AI undertakes longer, more autonomous tasks, risks often arise from combinations of multiple interactions. The company stated that the new process is designed to protect against attacks from malicious users and dysfunctional AI agents, while maintaining "zero data retention" compatibility—customer content will still not be accessible to OpenAI. OpenAI expects to launch this feature in September and release a related technical white paper; it is currently testing with early clients such as Microsoft and Databricks.Argentinas Minister of Economy: Argentina has approved a large-scale investment incentive program worth $6.4 billion for TECPETROLs Lostordos Phase II oil project in Huacamurta.The Dow Jones Industrial Average rose 119.71 points, or 0.22%, to close at 53,463.11 on Wednesday, August 19; the S&P 500 rose 16.50 points, or 0.21%, to close at 7,708.26; and the Nasdaq Composite rose 41.38 points, or 0.16%, to close at 26,331.09.

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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