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In this video, Ira Epstein discusses the surprisingly muted market reaction to the U.S. attack on Iran, noting minimal movements in oil prices and slight changes in other commodities like natural gas. He explains the geopolitical implications, particularly regarding Iran's relationship with China and the potential economic consequences of Iran shutting the Strait of Hormuz.

Epstein highlights the stable performance of the stock market and minor fluctuations in gold and the dollar, suggesting that the markets are not behaving as if the U.S. is at war. He also touches on the ongoing tensions involving Israel and Iran, emphasizing that the worst-case scenarios have not materialized.

Additionally, Epstein mentions upcoming economic data releases and speeches by Fed presidents that could influence market dynamics.

Video Length: 00:05:16

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