The video analyzes the S&P 500, mentioning a 20% drop followed by a rally to new all-time highs. It references tracking the money supply in relation to the S&P 500 to gain insight in the market. The current state sees low levels of umemployment 4.2% which usually results in the market going up. There is an overlay chart used relating the historical 1998 crash for future patterns. A pattern match is identified to a .com bubble surge.