Bloomberg Market Wrap 2/12: OPEC, Brazil ETFs, S&P Moving Average

The video discusses recent developments in the oil market, focusing on OPEC's production cuts and the rise in US oil production. It highlights the impact of these changes on global oil prices and the Brazilian market, particularly Petrobras and the MSCI Brazil ETF. Additionally, the video analyzes the S&P 500's performance, emphasizing its position relative to the 200-day moving average and potential market trends.

What role did the Brazilian Central Bank's recent data play in the market's performance?

Discuss the implications of the RSI trending back up toward overbought levels for the S&P 500.