Ira Epstein discusses the recent geopolitical developments involving the U.S. and Iran, highlighting the President’s decision to call off an attack in favor of negotiating a Memorandum of Understanding. He explains the potential impact of these events on the metal markets, which were closed at the time of the announcement.
Epstein also covers the market’s reaction, noting significant movements in Brent crude and bond markets, while the dollar index remained relatively stable.
Additionally, he previews upcoming economic data, such as the University of Michigan’s Consumer Sentiment index, and mentions the highly anticipated SpaceX IPO, emphasizing its potential volatility and significance.
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