Bloomberg Market Wrap 6/14: S&P 500 Looking for New High, Oil Prices

The video discusses recent market trends, focusing on the S&P 500 and oil markets. It highlights the S&P 500's technical patterns, suggesting potential upward movements influenced by the Fed meeting. The oil market is analyzed in the context of Middle East tensions, US-China trade relations, and US inventory levels, noting a recent decline despite short-term rallies.

How did the volatility at the beginning of last year affect the S&P 500?

What is the significance of the S&P 500 bouncing off the 40 week moving average?

What factors are contributing to the decline in oil prices?

What role does the US-China trade war play in the current oil market?

What are the implications of the recent data on US oil inventories?