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On October 15, relevant data showed that the growth rate of M1 has rebounded significantly in recent months, and the M1-M2 gap has narrowed significantly since the beginning of this year, reflecting positive signals such as the increase in corporate production and operation activity and the recovery of personal investment and consumption demand.On October 15th, Michiel Tukker, senior European interest rate strategist at ING Bank, stated in a report that despite the recent decline in US Treasury yields, ING Bank still maintains its view that Eurozone yields should remain at current levels, or even rise slightly. He pointed out that German government bonds have outperformed interest rate swaps in the past few days, reflecting the markets demand for safe assets. "As one of the few safe-haven assets that still holds a AAA rating, German government bonds are expected to perform strongly if market risk sentiment deteriorates significantly." However, Tukker added that if US Treasury yields fall sharply, "it will undoubtedly force German government bonds and swap rates to test lower levels."Russias Defense Ministry said Russian forces attacked Ukrainian energy infrastructure facilities overnight.Russias Ministry of Defense said Russian troops have captured the Oleksiyivka settlement in Ukraines Dnipropetrovsk region.Central Bank: At the end of September, the balance of broad money (M2) was 335.38 trillion yuan, an increase of 8.4% year-on-year. The balance of narrow money (M1) was 113.15 trillion yuan, a year-on-year increase of 7.2%. The balance of currency in circulation (M0) was 13.58 trillion yuan, an increase of 11.5% year-on-year. Net cash injection in the first three quarters was 761.9 billion yuan.

US Stock Market Continues to Stretch

Alice Wang

Sep 13, 2022 14:23

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Overnight, the S&P 500 E-mini contract gained some ground and crossed over the 50-Day EMA. But now we're moving into a zone that may be problematic.

Technical Analysis of the S&P 500

Overnight, the S&P 500 E-mini contract grew to the 4100 mark. Having said that, it is really important to pay attention to as we go into a region that can provide some problems. After all, there is often a lot of noise when you are situated between the 50-Day EMA and the 200-Day EMA. Additionally, with the release of the CPI statistics on Tuesday, a little amount of the market's overbought reality will start to emerge.


Not that we couldn't go higher; I'm simply watching for symptoms of tiredness so I can get engaged on the downhill. You must pay particular attention to the fact that this is more likely than not going to be a bear market bounce since none of the elements that had previously created so many problems have vanished. These may be pretty fascinating and violent, but I believe that there is enough of supply closer to the 200-Day EMA, which is about 4165.


As we are still in the thick of things and the economic picture is not promising, I will be showing diminishing indications of tiredness. The S&P 500 will also have to contend with the Federal Reserve's continued tightening of monetary policy, despite some people's refusal to accept this. For a time, it will be hard to make comparisons, and a recession may last for many quarters.

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