Bloomberg Market Wrap 6/17: S&P 500 Bearish Pattern, British Pound

The video discusses market trends focusing on the S&P 500, highlighting patterns like whipsaws and potential bullish trends. It also covers the impact of Brexit on the British pound, noting the volatility and market expectations surrounding political developments and deadlines.

What event in January 2018 caused a significant market whipsaw?

• Federal Reserve interest rate cut

• President Trump imposing tariffs

• Brexit referendum

• US-China trade deal

What pattern in the S&P 500 suggested investors were looking to take profits?

• Ascending triangle

• Double top

• Bearish head and shoulders

• Bull flag

What is preventing the British pound from recovering according to UniCredit strategists?

• US economic policies

• Global oil prices

• European Central Bank decisions

• No deal Brexit risks

Who is the favorite to win the Conservative Party leadership election?

• Boris Johnson

• Nigel Farage

• Jeremy Corbyn

• Theresa May

When is the next Brexit deadline that traders are concerned about?

• December 25th

• October 31st

• March 31st

• July 4th