Making the Bear Case for Big Banks

The video tutorial discusses the performance of financials and the bank sector, focusing on their position relative to the 200-day moving average. It examines the oil market's breakout and resistance levels, and analyzes sector rotation using Bloomberg tools. The S&P 500's trends and resistance levels are also explored, highlighting market risks and sentiment.

Discuss the significance of the S&P 500's position relative to its 200-day moving average.

What factors contribute to the current sentiment in the financial markets according to the analysis?