Oppenheimer's Wald Says S&P 500 Has Already Had a 'W Bottom'

The video discusses the current market trends, focusing on the rebound and potential continuation of the bull market. It explores the concept of a W bottom and analyzes the S&P 500 futures and VIX levels. The discussion includes chart analysis, potential bear flags, and the importance of trading in the direction of the trend. The video also examines sector performance, particularly the underperformance of utilities, and the implications of rising interest rates. The use of relative ratios to identify market strategies is highlighted, emphasizing the importance of buying strong trends and avoiding weak ones.

In what way does the speaker suggest to approach trading in the current market conditions?

What concerns does the speaker express regarding the utility sector?