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Metals Are Not Getting a War Bid

Ira Epstein discusses the current state of the metal markets, noting that they are not in a state of collapse but have not reacted favorably amidst ongoing geopolitical tensions, particularly with Iran. He highlights the impact of a stronger dollar and increased yields on bonds, which have been unfavorable for metals. Epstein also touches on the broader market's adaptation to geopolitical developments, such as the U.S.'s strategic moves against Iran, including potential blockades and military actions. Furthermore, he emphasizes the importance of upcoming existing home sales data and how it might influence market sentiment.

 

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