Image Source: Pixabay

In this video, Ira Epstein discusses the current state of the financial markets, highlighting the stock market's proximity to all-time highs, particularly noting the Nasdaq's performance. He explains the decline in gold prices as investors shift funds due to the waning impact of geopolitical tensions, specifically referencing Iran's recent claims of victory.

Epstein also covers the weakening U.S. dollar and predicts further declines, while expressing skepticism about a significant drop in interest rates, despite global trends.

Additionally, he anticipates OPEC's potential production increase in August and examines upcoming economic data, including the PCE price index, to assess its implications for Federal Reserve interest rate decisions.

Video Length: 00:15:21

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