Ira Epstein covers the current state of the metal markets, highlighting a general pause in trading activity as investors await the upcoming Consumer Price Index (CPI) report. He discusses the potential impact of a hotter-than-expected CPI on Federal Reserve actions and the broader market.
Epstein also touches on the decline in pending home sales due to high mortgage rates and affordability issues, and he examines geopolitical tensions, particularly involving Iran and their impact on energy markets.
Additionally, he provides insights into upcoming economic data releases, such as the National Federation of Independent Business's Business Optimism Index and existing home sales figures, while analyzing the technical aspects of the dollar index and its current bearish bias.
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