In this video, Ira Epstein discusses the current state of the financial markets as of July 14, 2025, focusing on stock indices and upcoming economic data releases.

Oil prices fell yesterday despite President Trump threatening 100% secondary tariffs on Russia, a clear sign that the market isn’t buying his threats

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.90 during the early Asian trading hours on Tuesday.

The Dow Jones Industrial Average (DJIA) floated near the 44,400 region on Monday, holding steady in a near-term consolidation

This research highlights the importance of not just following momentum, but doing so with a thoughtful approach that minimizes costs and adapts to changing market dynamics.

The Adobe Digital Price Index—an Adobe Analytics–powered inflation gauge that tracks online prices, similar to the CPI but focused on digital commerce—printed at -2.09% year-over-year in June.

Fastenal Company reported a strong second quarter in 2025, surpassing earnings expectations and providing optimistic guidance.

The EUR/USD remains pressured during the North American session, below the 1.1700 figure as the Dollar got boosted by Trump unveiling new tariff letters on two of its largest trade partners, increasing appetite for haven assets.

Markets are not fazed by Trump's trade escalation, so far, it seems. Japanese yields keep rising on fiscal and inflation concerns, whilst European government bonds are now looking more attractive on an FX-hedged basis.

It’s not often that you get a clean sweep of bullishness across the board. Stocks, rates, the dollar, implied volatility, implied correlations, VVIX, and CDX​​​​​​​ high-yield credit spreads all traded higher on the day.

What makes this story so unusual is that, normally during a war, the stress of war shows up in various financial markets in the form of selling waves and falling equity prices and rising interest rates.......not so with Israel.

Stocks managed to rally today, most likely in a Potemkin tribute to Donnie's address to the nation this evening.  

I’m tired of tariffs. I can’t say I’m tired of paying for them – their effects haven’t yet flowed through the economy. But I’m tired of hearing about them. It’s exhausting.

Inflation, for now, has remained tame, but June is when the rubber starts to meet the road.

The WSJ survey mean trajectory is close to the May SPF median. Not surprisingly, the WSJ growth rate for Q2 is just between the Atlanta and NY Fed nowcasts

Fidelity National Financial, Inc. has $13.7 billion in revenue and 23,000 employees. It also has a history of consistently beating the returns of the overall market.

Today, let me take the opportunity to update some important trends that have been affected or caused by the Trump Administration’s “policies.” 

Last week, we reviewed my top four market sectors. Today, let’s quickly review the Dow Industrials, Transports, and Utilities.

Alibaba Group Holdings ADRs are off their May $134 peak as Trump's tariff pressure is on again. Analysts have lowered EPS forecasts and price targets as well. Does that make BABA a buy?

As big a fan as I am of gold, I’d like to point out that it seems to have exhausted itself for now. GLD​​​​​​​ has a price gap at 310.31.