Emerging Markets Retracing Back to 2018 Highs, BofA Merrill's Suttmeier Says

The video tutorial covers an analysis of commodity futures, focusing on the Bloomberg Commodity Index, which shows a downtrend despite a recent rally. It discusses the implications for emerging markets, highlighting a bullish divergence. The tutorial also examines the S&P 500 Emini futures, noting a cyclical correction within a secular bull trend, with potential sideways movement and a possible rally.

How does the speaker interpret the recent price action of the S&P 500 in relation to historical trends?

What does the speaker suggest about the potential for a rally in the S&P 500 Emini futures?