Bloomberg Market Wrap 10/17: Russell 2000, Yield Curve, Barrick Gold

The video discusses the performance of the Russell 2000 index, highlighting its recent outperformance and technical indicators like the 200-day moving average and RSI. It then shifts focus to the yield curve, particularly the three-month to 10-year spread, and its implications for bank profitability, noting that interest rates are more crucial than the yield curve shape. The final section covers Barrick Gold's production results, affected by operational issues, and the impact of rising gold prices driven by trade tensions and geopolitical factors.

What recent trend is observed in the Russell 2000 index?

• It has shown bearish momentum.

• It has remained stable at the 1600 level.

• It has risen above its 200-day moving average.

• It has fallen below its 200-day moving average.

How does the yield curve affect bank profitability?

• Banks only profit in an inverted yield curve.

• A steep yield curve always leads to a recession.

• Interest rates are more important than the yield curve shape for lenders.

• Banks cannot be profitable in a flat yield curve.

What is the significance of the three-month to ten-year yield curve spread?

• It indicates a recession is imminent.

• It shows the profitability of banks in a flat yield curve.

• It is irrelevant to financial markets.

• It has been positive for five straight sessions.

What factor affected Barrick Gold's third-quarter production?

• Increased demand for gold.

• New mining technology.

• A decrease in gold prices.

• Operational restrictions at the North Mara mine.

What has contributed to the recent rally in gold prices?

• Increased supply of gold.

• Decreased geopolitical tensions.

• Trade tensions and geopolitical issues.

• Stable economic conditions.