Ira Epstein discusses the recent volatility in the financial markets, highlighting a bounce in the stock market after a significant downturn due to high oil prices, with Brent crude surpassing $101 and WTI nearing $97. He notes the fluctuations in gasoline prices and the impact on bonds and notes, with yields increasing to around 4.25% for the 10-year note.
Epstein also touches on geopolitical tensions involving Iran, speculating on the health of Khomeini's son, and emphasizes the importance of money management in such a turbulent market.
Additionally, he previews upcoming economic reports, including GDP data, durable goods orders, and the PCE price index, while expressing skepticism about their impact given the current economic conditions.
Video Length: 00:13:41
Comments
Log in or sign up to join the conversation.