Bloomberg Market Wrap 11/16: Retail Stocks, Credit Default Swaps

The video discusses the performance of department stores and retailers, highlighting a significant drop in their market value due to increased spending on customer acquisition and a focus on discounted items. It also covers the weakening credit market, with a notable decline in credit default swaps and investment grade bonds. The video concludes with an overview of the market's performance, emphasizing the impact of iPhone demand, chip stocks, and bond yield trends on overall market volatility.

What was the performance of the S&P 500 Super Composite index for department stores before the end of last week?

• Down about 16%

• Up about 46%

• Up about 30%

• Down about 10%

Which factor is contributing to the challenges faced by retailers like Nordstrom and Macy's?

• High employee turnover

• Increased spending to attract customers

• Rising interest rates

• Decreasing online sales

What significant trend was observed in the credit market regarding credit default swaps?

• An increase in high-yield bond prices

• The biggest five-day weakening since March

• A decrease in investment-grade bond yields

• A narrowing of spreads

What is the potential outlook for investment-grade credit performance in the United States this year?

• Stable performance compared to last year

• Slight improvement over last year

• Worst performance since 2008

• Best performance since 2008

What impact did iPhone demand have on Apple's performance in the market?

• It led to a surge in Apple's market share

• It had no impact on Apple's performance

• It was a significant drag on Apple's performance

• It boosted Apple's stock prices