Metal Markets Report For Wednesday, July 2
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In this video, Ira Epstein discusses the recent movements in the metal markets, highlighting a rally influenced by the Senate's passage of a tax spending bill and its potential inflationary effects. He notes the discrepancy between the ADP employment report, which showed a drop in hiring, and the JOLTS report, which indicated increased job openings, ahead of the upcoming non-farm payroll data release.
Epstein also emphasizes the importance of upcoming economic data releases, such as the trade balance and service sector indices, and their potential impact on market trends.
Video Length: 00:07:57
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