Ira Epstein discusses the recent increase in market volatility, particularly in the metals and stock markets, noting significant intraday movements. He predicts a potential bottom in the stock market by mid-October based on his cycle analysis and anticipates key developments in the S&P, NASDAQ, or Dow. Epstein also highlights upcoming economic indicators, such as the non-farm payrolls and factory orders, and examines geopolitical tensions, including new U.S. sanctions on Iran and military maneuvers in the Middle East. He concludes with observations on the stabilizing metals market and rising Brent oil prices.
Read the full article here