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On September 11, Premier Li Qiang chaired an executive meeting of the State Council. The meeting emphasized the need to adhere to a rational and orderly approach, further improve computing infrastructure, actively promote the research and application of key technologies and equipment, and build a multi-layered networked computing system. It also stressed the importance of promoting the synergy between computing and power, and the integration of computing and networks. This includes strengthening the monitoring and scheduling of computing resources and the construction of backbone fiber optic networks, enhancing the planning and coordination of computing and power facilities, and accelerating the implementation of projects such as direct green electricity connections and power generation-grid-load-storage systems. Finally, the meeting called for support for enterprises in carrying out technological innovation, resource integration, and application promotion to better match supply and demand.German union representative: German workers should not be made to bear the cost of US tariff policies.On September 11, a spokesperson for the Ministry of Commerce stated that the US actions were an attempt to suppress and smear China. The US claim that China is a "dual threat" militarily and economically is a completely fabricated and malicious slander. Chinas technological breakthroughs in fields such as artificial intelligence, semiconductors, and biotechnology are the result of the hard work of Chinese researchers and enterprises, and are by no means prey for US intelligence agencies to covet. The USs actions are essentially driven by anxiety about Chinas technological progress, but espionage and hegemonic suppression cannot stop the innovative progress of Chinese enterprises, nor can they bring true technological leadership. The USs blatant espionage tactics are doomed to failure.According to CCTV: Li Qiang chaired an executive meeting of the State Council, which pointed out that it is necessary to focus on changes in the school-age population to rationally allocate educational resources and make overall arrangements for the supply of school places, teacher allocation, and funding.According to CCTV: Li Qiang chaired an executive meeting of the State Council, which pointed out that it is necessary to adhere to a combination of short-term and long-term measures, address both the symptoms and root causes, and implement differentiated policies to comprehensively improve the safety capabilities of old reservoirs.

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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