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FOMC Minutes Spark Dollar Rally, Gold Swings Wildly


Ira Epstein discusses the recent movements in the metal markets, highlighting a modest rise in metals alongside a significant boost in the stock market driven by NVIDIA's strong performance and positive outlook through 2026. He notes the impact of a split Federal Reserve on the dollar's strength, with a reduced likelihood of interest rate cuts in December. Epstein also touches on the energy markets, bond yields, and upcoming economic data releases, including jobless claims and existing home sales, underscoring the importance of approaching the market with a focus on these developments. He emphasizes the return to traditional trading strategies, particularly in light of NVIDIA's impact and the anticipated jobs data.

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