Financial Markets Report For Thursday, July 17
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In this video, Ira Epstein discusses recent developments in the financial markets, including the passage of three bills in the U.S. House of Representatives, notably the "Genius Act" affecting Bitcoin, which has seen an uptick in value. He analyzes the metal markets, noting that strong stock and dollar performance is weighing on gold, while silver and industrial metals appear promising.
Epstein also covers foreign currency dynamics, particularly the yen amid upcoming elections, and highlights significant foreign interest in U.S. treasuries, notably from Canada.
Additionally, he comments on energy markets, the strategic importance of drones in modern warfare, and the S&P 500's performance, which is nearing an all-time high after a period of sideways movement.
Video Length: 00:11:28
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