Image Source: Pixabay

In this video, Ira Epstein discusses the recent developments in global and U.S. financial markets, highlighting President Biden's actions at the NATO event, including increased defense budgets and potential tariffs on the EU. He notes the mixed performance in the stock market, with a lift in metals and a drop in the dollar.

Epstein outlines upcoming economic data releases, such as the Chicago Fed National Activity Index and jobless claims, and speculates on potential Federal Reserve interest rate cuts if labor markets weaken.

Additionally, he comments on Micron Technologies' (MU) earnings, which may be supporting tech stocks, and reviews market recovery since April, surprising many analysts.

Video Length: 00:13:08

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