Bloomberg Market Wrap 8/21: S&P 500 Stuck in Range, British Pound

The video discusses the S&P 500's trading patterns, focusing on its position between the 50-day and 200-day moving averages, indicating potential market volatility. Historical trends from 2018 are analyzed to understand current market behavior. The video also covers the British pound's decline against the US dollar, influenced by Brexit developments, with insights from market experts.

What does the S&P 500's position between the 50-day and 200-day moving averages suggest about short-term buyers?

• They are selling off.

• They are buying aggressively.

• They have strong conviction.

• They are uncertain.

During early 2018, what happened when the S&P 500 fell below the 50-day moving average?

• It remained below and tested the 200-day moving average.

• It reached new highs immediately.

• It quickly recovered.

• It stabilized without further decline.

What was a significant factor affecting the British pound's decline against the US dollar?

• Brexit developments

• US economic growth

• Trade agreements

• Interest rate changes

What did France indicate about the likelihood of a no-deal Brexit?

• It is the most likely outcome.

• It is unlikely.

• It is already agreed upon.

• It is impossible.

According to Tom Thornton, what might happen to the British pound?

• It will continue to decline.

• It will rise sharply.

• It may be bottoming out.

• It will remain stable.