Ira Epstein discusses the current state of the metal and energy markets, highlighting the significant price increases in Brent and WTI crude oil, which have nearly equalized in price. He examines the broader economic implications, such as rising gasoline and meat prices, and the challenges these pose for consumer budgets. Epstein also touches on geopolitical factors, including the appointment of the Ayatollah's son as Iran's supreme leader, and its potential impact on oil markets, particularly concerning the Strait of Hormuz. Despite these tensions, he notes that there is no financial panic, as evidenced by the lack of movement in bonds and notes, and he advises on hedging strategies in the oil market.
About the author
LINN & Associates
Over the past 35-years Ira Epstein has developed a reputation for providing clients with easy to use technology and teaching good old fashioned trading know-how. A number of our brokers have over 30-years trading experience. No matter how technology changes the methods of entering orders, there's no replacement for having "been there and done that before". It's the blend of services that brings things together.
Be it education, market information or trading platforms, we provide solutions.
Ira began in the futures markets in 1969. Over the years he worked his way up, starting from the ground up as a "floor runner" culminating with his becoming a Floor Trader. In the mid 1970s Ira decided to make a career shift within the industry to develop both retail and commercial based clientele. His customer base grew to the point whereby in 1984 he founded "Ira Epstein & Company", a trading firm specializing in retail, commercial and self-directed discount futures trading. Along the way Ira became a leader in trading technology out of necessity, due to increased small lot trade volume. He was among the first to embrace the Internet, which as you know has dramatically changed both the way information is delivered and how trading takes place today.
One of the ways Ira, along with his brokers showcase their talents is through e-mails of market information and Ira's "Futures Videos", which can be viewed on our website, through Market Center, Linn-IraChart Software and on YouTube.