Financial Markets Report For Tuesday, Oct 7
Image Source: Pixabay
In this video, Ira Epstein covers a range of financial market developments in his video, discussing a meeting between Canadian Prime Minister Mark Carney and Donald Trump, which raises questions about potential trade deals. He highlights a significant aluminum plant fire that could impact auto manufacturers and draws parallels with global copper production issues.
Epstein notes recent corrections in the metals market and a slight rally in the energy sector, while bonds and notes remain flat. He also observes a consumer spending pullback and reviews recent stock market trends, emphasizing the S&P's minor decline and the potential for further corrections, particularly in relation to key technical indicators like the Bollinger Bands and the 18-day average.
Video Length: 00:06:50
More By This Author:
Metal Markets Report For Monday, Oct 6SPDR ETF Report For Monday, Oct 6
Financial Markets Report For Monday, Oct 6