Morning Flash Report For Thursday, Aug 7
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In this video, Ira Epstein discusses the ongoing stock market rally, emphasizing the importance of monitoring the upper Bollinger Bands in the Nasdaq and S&P indices, while noting the Dow's weaker performance. He highlights the flat energy market, a slight decline in natural gas, and a potential rally in the grain markets, particularly wheat.
Epstein also covers the implementation of U.S. tariffs, the geopolitical meeting between Trump, Putin, and Zelensky, and economic data such as jobless claims and non-farm productivity.
Additionally, he mentions the Bank of England's historic interest rate cut and anticipates upcoming speeches and data releases, underscoring the dynamic nature of the current market environment.
Video Length: 00:03:53
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