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In this video, Ira Epstein discusses the mixed performance of major stock indices on August 20, 2025, noting that while the Dow closed higher, most other indices were down, with some recovery in big tech stocks like NVIDIA (NVDA) and Netflix (NFLX). He highlights the market's move towards safety, particularly in the metal markets, and anticipates upcoming economic data releases, including jobless claims and the Philadelphia Fed regional business activity index.

Epstein also analyzes the recent FOMC minutes, suggesting that while there were two dissents, there is no strong indication of an imminent rate cut, and he emphasizes the Fed's concern over creeping tariff inflation rather than the labor market.

Additionally, he notes the market's current technical patterns, indicating a bearish swing line but no clear trend.

Video Length: 00:12:33

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