Morning Flash Report For Thursday, July 31
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In this video, Ira Epstein discusses the recent market volatility, highlighting significant movements in commodities like copper due to new tariffs imposed on finished products by the President, while refined copper remains unaffected. He explains how these changes could impact various industries reliant on copper and notes the strong performance of companies like Meta (META) and Microsoft (MSFT), which have driven rallies in major indices like the Nasdaq and S&P.
Epstein also touches on the Federal Reserve's cautious stance on inflation, suggesting that the impact of tariffs needs to be observed over the coming months.
Additionally, he reviews the downturn in grain markets due to changing weather conditions and comments on the fluctuations in energy markets, including natural gas and crude oil.
Video Length: 00:08:52
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