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According to All Nippon News Network (ANN), the approval rating for the Takashi Cabinet in Japan has dropped by 4.5 percentage points to 63%.December 15th - On December 14th local time, Chile held the second round of its presidential election. The campaign team of José Antonio Castel, the candidate of the far-right Republican Party, declared Castel the winner. Castel will be sworn in on March 11, 2026.Musk: The sun is a giant, free fusion reactor in the sky. Building a small reactor on Earth would be utterly stupid.December 15th - The much-anticipated policy allowing Guangdong vehicles to enter Hong Kongs urban areas will officially take effect on December 23rd. After completing vehicle inspection and licensing procedures, the first batch of successful applicants will now need to book their trips. The Hong Kong SAR Government Transport Departments "Guangdong Vehicles Southbound" booking system opened for bookings at 8:30 AM today (December 15th). Travel slots for the period from December 23, 2025 (the first day of entry into urban areas) to January 31, 2026 will be allocated on a first-come, first-served basis.On December 15th, local time, US Presidential Envoy Witkov released the minutes of the talks between the US and Ukraine in Berlin, Germany, on December 14th. The minutes show that representatives from both sides held in-depth discussions on issues including a "peace plan" and the economic agenda. The talks achieved "significant progress," and the two sides will meet again on the morning of the 15th. It is understood that the core issues of this meeting remain territorial disputes, security guarantees, and the issue of the Russian Central Banks assets frozen by the EU.

NASDAQ, S&P 500, Dow Jones Analysis – Stocks Retreat As Traders Focus On Recession Risks

Steven Zhao

Jan 19, 2023 17:42

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S&P 500 (SPX500)

S&P 500 found itself under pressure as traders reacted to the disappointing economic data.


Retail Sales declined by 1.1% month-over-month in December, compared to analyst consensus of -0.8%. Industrial Production declined by 0.7%, while Manufacturing Production decreased by 1.3%. Both reports missed analyst expectations.


The PPI report showed that Producer Prices declined by 0.5% in December. Treasury yields tested multi-month lows, as bond traders bet on a less hawkish Fed.


Lower Treasury yields did not provide any support to stocks as traders focused on recession risks. The pullback was broad, and all market segments moved lower. Consumer Defensive stocks were among the worst performers as Retail Sales data indicated that consumer activity was slowing down.

NASDAQ (NAS100)

NASDAQ  declined towards the 11,450 level amid a broad market sell-off. Leading tech stocks have found themselves under pressure, although Apple and Alphabet were almost flat in today’s trading session.


It should be noted that lower Treasury yields provided some support to the tech-heavy NASDAQ, which outperformed S&P 500 and Dow Jones.

Dow Jones (US30)

Dow Jones remained under strong pressure after yesterday’s sell-off. While Goldman Sachs made an attempt to rebound, other Dow Jones components were moving lower.


Honeywell, IBM, and Coca-Cola were among the biggest losers in the Dow Jones today. Currently, Dow Jones is trying to settle below the 33,500 level. In case this attempt is successful, Dow Jones will move towards the 50 EMA at 33,290.

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