Bloomberg Market Wrap 10/15: S&P 500 Bulls, Chip Stocks, Bloomin' Brands

The video discusses the current trends in the S&P 500, highlighting a bullish turn due to higher lows and a rising 200-day moving average. It also covers the outperformance of chip makers like NVIDIA, AMD, and Intel, driven by strong iPhone demand and favorable trade talks. Lastly, it examines Bloomin Brands' stock downgrade by Deutsche Bank due to lackluster casual dining data, impacting its market forecast.

What is one of the indicators suggesting a bullish trend for the S&P 500?

• A declining 200-day moving average

• Higher lows in recent weeks

• A decreasing RSI

• Lower highs in recent weeks

Which index has recently outperformed the S&P 500?

• Dow Jones Industrial Average

• Russell 2000

• SOX Index

• Nasdaq Composite

Which company received a street high price target, contributing to the SOX index's performance?

• Intel

• Nvidia

• Apple

• AMD

What was the reason for Deutsche Bank's downgrade of Bloomin' Brands?

• Strong iPhone 11 demand

• Lackluster casual dining industry data

• High volatility in the stock market

• Rising 200-day moving average

What is the current average price target for Bloomin' Brands according to the transcript?

• $18 per share

• $25 per share

• $21 per share

• $30 per share