Bloomberg Intelligence's 'Equity Market Minute' 2/24/2022

The video discusses the current state of the S&P 500, highlighting broken price supports and potential short-term weakness. Despite this, a fundamental fair value model remains optimistic if growth prospects hold. Technical analysis suggests a head and shoulders pattern, indicating possible further declines. The base case scenario predicts valuation compression due to Fed policy but expects earnings growth to counterbalance. Oil prices are crucial for growth, with high prices potentially limiting spending. The video concludes with a summary of these insights.

What does the fundamental fair value model suggest about the S&P 500 as long as growth prospects remain intact?

What technical pattern is mentioned in relation to the S&P 500, and what does its completion imply?

According to the analysis, what is the fair value suggested for the S&P 500?

What are the potential impacts of high oil prices on growth prospects according to the text?

What could happen to the index if consumers and businesses continue to spend at their current pace?