Financial Markets Report For Wednesday, Aug 6
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In this video, Ira Epstein discusses various aspects of the financial markets, including the mixed performance in the energy sector with Brent crude nearing $67 and WTI at about $64. He highlights the significant U.S. Treasury auction, noting the strategic shift towards short-term debt amidst expectations of falling interest rates.
Epstein also shares his views on gold's potential for further gains and mentions a failed attempt to short the stock market. He touches on the dollar's decline and previews upcoming economic data releases, such as jobless claims and nonfarm productivity.
Additionally, Epstein references President Trump's announcement regarding Apple's (AAPL) investment in U.S. manufacturing and its implications for the tech industry.
Video Length: 00:12:24
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