EUR/USD 1.15943
-0.195%
Gold 4515.89
-0.598%
Oil 97.260
0.078%
USD/JPY 159.121
0.091%
GBP/USD 1.34211
-0.071%
GBP/JPY 213.545
0.021%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
May 22 – As the price shock triggered by the Iran war begins to spread from energy costs to a wider range of sectors, economists have raised their forecasts for U.S. inflation and postponed the timeline for the next Federal Reserve rate cut. They expect the core PCE index to rise higher than previously anticipated, with both inflation indicators remaining above 3% by the end of the year. Economists are evenly divided on whether the Fed will cut rates in December, whereas a previous survey predicted an October cut. Luke Tilly, chief economist at Wilmington Trust Corp., said this feels familiar; the Fed and markets are worried that soaring energy prices will trigger inflation, just as they worried about tariffs triggering inflation last year. Given already weak consumer spending, people are more likely to offset higher gas prices by cutting spending on other items. The survey shows that economists still believe U.S. consumer spending and GDP will grow by about 2% this year, roughly in line with previous forecasts, with the probability of a recession in the next 12 months falling to 25%. In addition, economists have slightly raised their forecasts for job growth in the U.S. this year, but still expect the unemployment rate to peak at 4.5% in the third quarter.On May 22, 2026, the Shanghai Gold Exchanges Au(T+D) contract closed at 1014.0 yuan per gram, down 0.2% month-on-month. In April 2026, the Shanghai Gold Exchange traded 5633.7 tons of gold, a year-on-year decrease of 17.0%; the Shanghai Futures Exchange traded 13,000 tons of gold, a year-on-year decrease of 64.3%.Haidilao (06862.HK): Zhang Yong, the controlling shareholder, chairman of the board and CEO, increased his holdings by 11.35 million shares on May 21-22.On May 22, in response to the China Securities Regulatory Commissions (CSRC) investigation into relevant domestic and overseas entities of Changqiao Securities and its proposed administrative penalties, Changqiao Securities stated that its licensed entities are regulated by overseas regulatory agencies such as the Hong Kong Securities and Futures Commission. Changqiao emphasized that client funds are completely segregated from the companys operating funds and are held in independent custodian bank accounts as required by regulations; its US and Hong Kong stock holdings are held in custody by the US Depository Trust and Clearing Corporation (DTCC) and the Hong Kong Securities Clearing Company Limited (HKSCC), respectively, and are protected by the Hong Kong Investor Compensation Fund (ICF). Furthermore, the company will strictly implement all rectification requirements and proceed with relevant arrangements in accordance with laws and regulations.On May 22nd, UBS Global Wealth Management issued a new bullish report, raising its year-end target for the S&P 500 to 7900 points. The brokerage previously predicted the benchmark index would close at 7500 points by the end of the year. In its latest report, UBS noted that despite headwinds from the Middle East conflict, the US stock market has shown resilience. This is mainly attributed to market expectations of an end to the war, strong first-quarter earnings reports, and the continued momentum of artificial intelligence. Therefore, UBS believes that US stocks will continue their strong upward trend in the second half of the year, closing up another 6% from current levels. Morgan Stanley also turned bullish on US stocks earlier this week, now predicting the S&P 500 will reach 8300 points in the next 12 months, as stronger earnings will continue to outweigh any other negative factors. The bank also raised its year-end target for the benchmark index to 8000 points (previously 7800 points). Morgan Stanleys upward revision is primarily driven by the strong performance of US companies in the latest earnings season. The bank estimates that S&P 500 earnings grew by about 27% year-over-year in the first quarter, far exceeding analysts’ pre-earnings forecasts of about 12%.

S&P 500 Price Forecast – S&P 500 Awaits Jerome Powell

Jimmy Khan

Sep 22, 2022 14:54


Techniques for the S&P 500

As the Federal Reserve announcement later in the afternoon approaches, the S&P 500 E-mini contract is marginally higher. A 75 basis point rate increase is anticipated in the end, but there are other factors at work as well. We must, after all, wait and see what the Federal Reserve will predict on its outlook.


People will need to pay great attention to it since the market will be impacted by its economic outlook. You should be aware that these days tend to create a lot of strange signals because I think it's probable that we will witness more noise than anything else at this time.


It is more probable than not that we will drop below the 3800 level if we break below the lows of the most recent few sessions. We are going to retest the lows if we can go below that level. Unless, of course, Jerome Powell specifically declares that the Federal Reserve is going to modify its general attitude, I would view any rally at this point with extreme skepticism. With inflation still raging and as he has previously said, pain would be felt, I simply don't see how that can happen.


It's possible that some analysts will start buying since he didn't hike 100 basis points, but before it's all said and done, it should merely provide a great selling opportunity. It's difficult to say because, quite simply, it seems like optimism is a virtue and that a large portion of Wall Street still has confidence that Jerome Powell will prevent more losses. Unfortunately, inflation is destroying the US economy on Main Street, and nobody seems to be paying attention to this.

Suggestion