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October 20th - Data from energy consultancy Rystad Energy shows that oil production in several American countries, from Canada to Brazil, has reached record levels this year. Total oil production in North and South America is projected to grow by 10% over the two years ending December 2026. With a new wave of investment from Western oil companies, production in Venezuela and Suriname is expected to increase significantly, while US oil production is also rising, with exports of crude oil and diesel products to Europe, Asia, and Oceania increasing by 15%. Analysts say that seven months after the outbreak of war, parts of the Americas, particularly Venezuela and Argentina, are beginning to show the developments envisioned by Trump. Trump calls this policy the "Donroe Doctrine," which aims to establish a US-led sphere of influence with abundant energy resources to counterbalance other global energy hubs such as the Middle East. While the Americas cannot completely replace low-cost Middle Eastern supplies, they are suppressing global prices and will limit OPECs future pricing power.According to the Financial Times: Alphabets Global Affairs President and Chief Legal Officer dismissed European concerns about US dominance in artificial intelligence.Global Chip LOF: Trading in this fund will be suspended from the opening of the market on the afternoon of October 20, 2026 until the market closes on the same day. During the suspension period, redemption services for this fund will continue as usual.The yield on Japans 20-year government bonds fell 6 basis points to 3.71%.The demand ratio for Japanese 20-year government bonds hit a record high.

S&P 500 Price Forecast – Stock Markets Wait for the Jobs Number

Alice Wang

Oct 09, 2022 14:31

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Technical Analysis of the S&P 500

As we wait for Friday's employment report, the S&P 500 has been relatively calm throughout the trading session on Thursday. This does make sense in a lot of ways since many individuals won't want to take on a lot of risk before this unpredictable number. After all, the Federal Reserve's decision, which is by far the most crucial item to watch out for right now for most traders, will be greatly impacted by the employment report. Given enough time, I do think volatility will persist and many accounts will lose all of their money. I think the market has gone ahead of itself at this point, and any indication that the Federal Reserve may take a hawkish attitude might have serious consequences for the stock market.


When I look at the S&P 500, I see that the market is having trouble staying above the 3800 level on the E-mini contract, which does indicate that some confidence has been eroded. Since there is nothing that should be seen as optimistic right now, I believe that this market will retest its lows. This is only a result of Wall Street speculators believing that the Federal Reserve would step in to save them.


In actuality, the Federal Reserve no longer actively trades the markets, so they have no incentive to attempt to drive it higher. They will keep tightening monetary policy as long as inflation keeps soaring. Keep in mind that for the last 14 years, the stock market's success has mostly been supported by inexpensive money.

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