Image Source: Pixabay

In this video, Ira Epstein discusses the financial markets' response to a cabinet-level press conference held by the president, where a significant announcement was made about a 50% tariff on copper imports, similar to previous tariffs on steel and aluminum.

Epstein highlights the impact of this announcement on copper prices, which saw a substantial increase, and notes the ongoing squeeze play at the London Metal Exchange due to declining stockpiles. He also touches on other market movements, including the Dow's struggle, gold's pressure, and Bitcoin's sideways action.

Additionally, he previews upcoming economic data releases and expresses skepticism about OPEC's compliance with production quotas.

Video Length: 00:13:32

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