Ira Epstein discusses the anticipation surrounding the Federal Reserve's expected interest rate hike of 25 basis points and the potential reactions from Fed Chair Walsh, highlighting the market's focus on these developments. He reviews the current state of the 10-year Treasury note and reflects on Treasury Secretary Besant's previous interventions.
Epstein also previews upcoming economic data releases, such as mortgage applications and retail sales, and comments on the geopolitical impact on energy markets, particularly the control of oil in the Strait of Hormuz by the Houthis and Iran.
Additionally, he analyzes the technical patterns in the S&P 500 (SPY), noting bearish trends and the market's struggle to rally.
Video Length: 00:09:35
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