Bloomberg Market Wrap 9/12: S&P 500 Closing In on High, Yield Curve, Oil

The video discusses the S&P 500's recent performance, highlighting its proximity to record highs and the influence of moving averages. It then shifts to the bond market, noting rising yields and the re-steepening of the yield curve, alongside significant inflows into high-grade bond funds. Finally, it examines recession indicators, including yield curve inversion and oil price trends, with insights from experts on the likelihood of a recession.

What is the significance of the 200-day and 50-day moving averages in the context of the S&P 500?

• They indicate the average price of the S&P 500 over the last 200 and 50 days, respectively.

• They are used to calculate the S&P 500's market capitalization.

• They predict the future price of the S&P 500.

• They determine the dividend yield of the S&P 500.

What does a re-steepening yield curve indicate in the bond market?

• A decrease in long-term interest rates.

• A decrease in bond demand.

• An increase in short-term interest rates.

• A return to a more normal interest rate environment.

What recent trend was observed in high-grade bond funds?

• A decrease in fund flows.

• The third largest ever bond fund flows.

• A reduction in the number of shares outstanding.

• A decline in demand for high-grade bonds.

According to the transcript, what is one recession indicator that has not shown a red flag recently?

• Manufacturing PMI.

• Yield curve inversion.

• Stock market volatility.

• Oil prices.

What is the probability of a US recession before the next election, according to Jeff Gundlach?

• 90%

• 25%

• 75%

• 50%