U.S. and China Stocks Are on the Road to Recovery, Oppenheimer's Wald Says

The video discusses the current state of the S&P 500, highlighting its sideways trend and potential for recovery. It emphasizes the importance of resistance and support levels, particularly the 2600 and 2800 marks. The semiconductor market is analyzed as a leading indicator for tech and overall market improvement. The video also covers the China market, focusing on the FXI and its recovery patterns, suggesting a broader market recovery underway.

What is the significance of the 2600 level mentioned in the discussion?

What observations are made regarding the China market in relation to the US market?