Ira Epstein discusses the recent surge to all-time highs in stock indices, attributing it to a belief that the worst of the Iran situation is over.
He explains that Iran and Oman have reached an agreement on managing the Strait of Hormuz for 60 days, reducing tensions, although Iran is expected to make demands on the U.S., like opening ports for traffic.
Epstein also highlights upcoming economic data releases, including jobless claims and non-farm production data, and mentions the introduction of a new, smaller contract size by the CME Group to accommodate smaller investors amid rising market margins.
Video Length: 00:12:35
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