Bloomberg Market Wrap 3/7: S&P 500 Bearish Momentum, Costco

The video discusses the S&P 500's performance, highlighting a sideways range and bearish trends. It examines Costco's earnings, noting its impact on the market and competition with Amazon. The resilience of the bull market is analyzed, with a focus on historical P/E ratios and comparisons to past markets.

What range has the S&P 500 been trading in over the past year?

• 2800 to 3000

• 2400 to 2600

• 3000 to 3200

• 2600 to 2800

What is a key factor contributing to the bearish outlook for the S&P 500?

• Rising interest rates

• High inflation rates

• Position below the 200-day moving average

• Increased market volatility

What is one of the challenges Costco is facing in the market?

• Competition from Amazon

• Decreasing consumer demand

• Rising labor costs

• Supply chain disruptions

Which company did Costco surpass in the American Consumer Satisfaction Index?

• Walmart

• Kroger

• Target

• Amazon

How does the current market's price-to-earnings multiple compare to historical averages?

• It is significantly lower

• It is significantly higher

• It is slightly higher

• It is slightly lower