Momentum an 'Ugly Zone' for Markets in Tug-of-War

The video discusses the significance of market momentum, particularly around the 2050 mark on the S&P 500. It highlights the role of momentum in trading, the impact of computerized trading systems, and the factors influencing market range, such as high valuations, Fed policy, and oil prices. The discussion also touches on the potential for market shifts due to these dynamics.

What are the implications of computerized trading on market volatility as mentioned in the text?

In what way does the speaker compare the market situation to a tug of war?