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In this video, Ira Epstein discusses the current state of the financial markets in his Morning Flash Update on July 2, 2025. He notes that most stock markets are lower except for the Russell, and highlights the emergence of bottom pickers due to expectations of a Federal Reserve rate cut by September.

Epstein covers trends in the metals market, particularly copper, and anticipates an OPEC production increase despite compliance issues from Iraq and Russia. He also touches on the U.S. mortgage market and job data, pointing out mixed signals from Challenger Gray's job cuts and ADP's private sector jobs report. 
 

Video Length: 00:05:38

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