MPC Markets Morning Call

The semiconductor rally that powered Wall Street to record highs has stalled. Apple fell 3.6% on a tepid WWDC, the SOX index dropped 2%, and the Nasdaq is down nearly 5% in five days. The US launched retaliatory strikes on Iran after an Apache helicopter was downed over the Strait of Hormuz — yet oil barely moved. Tonight's US CPI (consensus 4.2%) sets the scene for next week's Fed meeting.

In this episode:→ Why the entire S&P rally since February is AI stocks alone→ Sector rotation into defensives — tech's 10-week run breaks→ Oil's bizarre non-reaction to US-Iran escalation→ SpaceX at 100x sales — "the dumbest thing I've ever heard"→ Gold goes negative for 2026 despite spiralling US debt→ CPI tonight, Oracle Thursday, Adobe Friday→ Sigma Healthcare eyeing $14B bid for UK Boots

Key levels: S&P 7,385 (–0.3%) | Nasdaq 25,679 (–1%) | WTI $88.49 | Gold $4,252 | ASX Futures 8,624 (+0.2%)

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Freakout Friday, Mild Rebound Monday — MPC Markets Morning Call | 9 June 2026Wall Street's worst day of 2026 was followed by a cautious rebound. Here's what happened overnight and what it means for Australian investors today.Friday's blowout May jobs report (172k vs 85k expected) sent the Nasdaq down 4.2% and the S&P 500 down 2.6%, snapping a nine-week winning streak. Chip stocks lost over $1 trillion in a single session. Then on Monday, dip buyers returned — the SOX rallied 5.6%, Intel surged 11.2% on a Google AI chip deal, and the S&P clawed back 0.3%. But breadth was razor-thin: only three of eleven sectors closed higher.In this episode we cover:— The jobs data that fully repriced a Fed rate hike by December— Iran and Israel halting strikes after a weekend escalation — and why oil is still at $94— The incoming IPO flood: SpaceX ($75B on Friday), OpenAI's confidential filing, and Meta eyeing a stock offering— Intel, Marvell, and the AI chip trade revival— What CPI on Wednesday means for the rate path— ASX outlook after the long weekend — futures down 93 pointsASX200 futures are pointing to a gap lower of around 1.1% as we return from the Queen's Birthday break. The big test this week: U.S. CPI on Wednesday, PPI on Thursday, and SpaceX's record-breaking IPO on Friday.Subscribe for daily market updates before the ASX opens.Listen on Spotify: https://open.spotify.com/show/1igBks6n4hC3Uo8TnTcFaU?si=38b6c83b60574e97Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/mpc-markets-morning-call/id1822404938Website: https://mpcmarkets.com.au#ASX #ASX200 #MorningCall #MarketUpdate #StockMarket #WallStreet #SP500 #Nasdaq #FedRateHike #USJobs #NonFarmPayrolls #IranIsrael #OilPrices #SpaceXIPO #OpenAI #AIStocks #Semiconductors #ChipStocks #Intel #AustralianInvestor #MPCMarkets #Investing2026 #USInflation #CPI #TreasuryYields

Wall Street delivered a tale of two markets overnight as the Dow surged to a record high while the Nasdaq slipped on a Broadcom-led semiconductor selloff. The S&P 500 rose 0.4% to 7,584.82, with about 360 of its constituents advancing as nine of 11 sectors closed higher — financials led the charge at +2.7% and healthcare added 3%. A renewed Israel–Lebanon ceasefire bolstered hopes for eventual US–Iran peace, sending Brent crude down 2.7% to $95.21 and WTI 3.1% lower to $93.08. Spot gold climbed 1% to $4,478.21 as investors hedged geopolitical uncertainty. Blackstone capped withdrawals from its $79 billion flagship private credit fund after redemption requests hit 10% of shares, adding to a growing pattern of stress in the alternatives space. ASX 200 futures are up 48 points to 8,739, with all eyes on the US May non-farm payrolls report tonight.

The Dow rose 1.7% to a record 51,562.30, the S&P 500 gained 0.4% to 7,584.82, while the Nasdaq 100 fell 0.5% as Broadcom’s 12.6% plunge dragged chipmakers lower.

An Israel–Lebanon ceasefire renewal bolstered US–Iran peace hopes, though Hezbollah rejected the deal and fighting continued in southern Lebanon.

WTI crude fell 3.1% to $93.08 and Brent dropped 2.7% to $95.21 on ceasefire optimism, while Citi maintained a $110 Q3 Brent forecast citing critically low Asian inventories.

The 10-year Treasury yield eased 2bp to 4.47% as the curve steepened, with Bitcoin tumbling to a 4-month low near $61,000 after Strategy’s first sale since 2022.

Blackstone capped withdrawals from its flagship private credit fund at 5% after investors sought to pull 10% of shares, the latest sign of stress in alternatives.

ASX 200 futures are up 48 points (+0.6%) to 8,739, with the AUD steady and the RBA’s Bullock and Hauser both speaking today.

Key Takeaways010203040506

The S&P 500's nine-day winning streak finally snaps — but is this the pullback we've been waiting for, or just a blip?In today's morning call, Jonathan Takadani breaks down the overnight session and what it means for Australian investors:S&P 500 down 0.9%, Dow off 1.2% — first red day in nine sessionsTech sector leads losses, down 1.5%, while energy is the lone green sectorCrude oil still range-bound around $93 — Chevron CEO flagging July as a danger period for suppliesWoodside hitting $30 and looking attractive on the dipGold & Silver at the lower end of range — still bullish on precious metals long-termCopper & BHP pulling back after fresh record highsLithium names (PLS, Liontown, MIN) seeing their first pullback after a strong runCrowdStrike & Palo Alto — muted post-earnings reaction raises the question: is this the top?Micron & ASML bucking the trend with new highsASX choppy around 8,700 — banks key to watch, with CBA finding resistance at $165Iran deal uncertainty adding to the macro noise. Jonathan also flags Northern Star with activist investor interest emerging.📅 Tune in each morning for charts, key levels, and what's moving markets.

Sign up for the Software Survivors 2.0 Webinar: https://mpcinvest.co/SaaScentionWelcome to today's episode of The Morning Report with your host, Finn Judell!It’s been a choppy and mixed session across the markets. While the S&P 500 managed a technical all-time high (up 0.1%) and the Dow gained 0.5%, the big story today is in the crypto and software sectors. Bitcoin has taken a notable tumble following a major strategy shift from MicroStrategy—decoupling from its recent tight correlation with the S&P. Is this a historic support buy signal, or is there more volatility ahead?We also dive deep into the massive 400% gains realized in our "Software Survivor Strategy," upcoming macro data, and major corporate earnings to watch this week.

🚨 Morning Markets Update: Software Stocks Are ON FIRE! 🔥

Apologies for the technical issues, but we’re diving straight into this red-hot market! The software sector has absolutely exploded over the past month, with massive gains across the board. Is this the comeback we’ve all been waiting for?

In today’s episode:• NVIDIA & Jensen Huang momentum + major software winners (ServiceNow +50%, Palo Alto +65-72%, CrowdStrike, DataDog +100%, Salesforce, Microsoft & more)• Aussie tech stocks heating up — WiseTech, Technology One, Life360, SiteMinder and big laggards like Pro Medicus yet to run• Why the “Software is Dead” narrative was completely wrong• US market streak analysis: 10-week winning streak + 8-day positive run (extremely rare)• Inflation warnings: ISM Prices Paid surging, US gas prices heading over $4 this summer• Trump/Iran noise, upcoming Payrolls, Palo Alto & CrowdStrike earnings• Software Survivors Webinar Part 2 coming soon!

Are we due for a breather or will the momentum continue? We break down the technicals and what to watch this week.

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📆 Software Survivors Webinar Part 2 coming in the next 1-2 weeks.

Follow for more morning market calls, stock analysis, and tech sector updates.

#StockMarket #SoftwareStocks #NVIDIA #ASX #TechStocks #MarketUpdate #PaloAlto #CrowdStrike #WiseTech

US Stock Market Hits Fresh Records as AI FrenzyIntensifies | Market Recap

US equities surged to new all-time highs on Friday, markingthe S&P 500’s ninth straight weekly gain. The S&P 500 closed at7,581.65, the Dow at 51,032.34, and the Nasdaq at 26,972.62 as traders bet onan imminent US–Iran ceasefire extension while the AI infrastructure trade hitfever pitch.

In this episode, we break down the key market movers,geopolitical developments, oil price collapse, and what’s ahead for the ASX 200this week.

Key Market Highlights:

What’s Moving Markets:

Australia Market Preview:

SPI futures point the ASX 200 13 points (0.1%) lowerat the open. Focus this week on three RBA appearances (including GovernorBullock) and Q1 GDP on Wednesday.

Timestamps: 00:00 – Market Open Recap 02:15 – S&P500, Dow & Nasdaq Record Closes 04:40 – AI Infrastructure Boom: Dell,Snowflake, Okta 07:25 – Oil Crash: Brent & WTI Update 09:50 – Geopolitics:US–Iran Ceasefire Latest 12:10 – ASX 200 & RBA Outlook

If you're trading US or Australian markets, want dailymarket insights, or follow the AI megatrend, make sure to subscribe andhit the notification bell.

What are your thoughts on the AI trade and oil prices?Drop a comment below.

🚨 MARKET RECAP: S&P 500 & Nasdaq Smash ALL-TIME HIGHS Despite Iran War Tensions 🚨US stocks just delivered one of the strongest days of 2026 — all three major indexes closed at record highs simultaneously for the first time in years. S&P 500 +0.6% to 7,563, Nasdaq +0.9% to 26,917, and the Dow also pushed higher. In just the past two months the S&P is up 20% and Nasdaq up 30% as AI euphoria continues.But behind the rally? A tentative 60-day US-Iran ceasefire MoU that could reopen the Strait of Hormuz and ease the global oil chokehold. Trump hasn’t signed yet, but the market is pricing in relief. Brent crude still closed +1.1% at $93.28 after spiking to $96, while WTI hit a 6-week low on deal optimism.We break down:Full details on the Iran ceasefire — Hormuz shipping, mine removal, nuclear talks, and why Trump’s “red lines” still matterOvernight clashes: ballistic missile at Kuwait, drones near Hormuz, warning shots at tankersIsrael ramps up strikes on Lebanon — does this kill the deal?Why Wall Street is ignoring Asia/Europe selloffsEARNINGS SEASON HEATS UPDell +19% after crushing AI server forecastSnowflake, Best Buy, Dollar Tree, Agilent all surge on strong guidanceAnthropic raises $65B at $965B valuation (now bigger than OpenAI) with Google & Amazon backing — IPO coming Fall 2026?Plus Caesars $5.7B takeover and the regulator pause on the Union Pacific–Norfolk Southern mega-mergerSTAGFLATION WARNINGApril PCE jumps to +3.8% y/y (highest since May 2023)Q1 GDP revised sharply lower to just 1.6%US savings rate collapses to 2.6% — near 18-year lowsNew Fed Chair Kevin Warsh inherits a nightmare: rising inflation + slowing growth = no rate cuts in sightAUSTRALIA FOCUSASX 200 futures rebound +0.6% after Thursday’s $45B wipeoutBHP’s secret diesel truck purchases exposed — A$500M extra annual fuel costWebjet CEO exit, IAG lawsuit settlement, Tourism Holdings bid drama & Guzman y Gomez dumps US expansion (stock +21%)WHAT’S NEXTTrump’s decision on the Iran deal is the biggest market catalyst in weeks. Plus Germany CPI, US Chicago PMI, Fed speakers, and Japan data.Timestamps:0:00 – US Record Highs & Big Picture3:45 – Iran Ceasefire MoU: What We Know9:20 – Oil Price Reaction & Hormuz Impact13:10 – Earnings Winners & Losers (Dell, Snowflake, Anthropic)18:40 – Stagflation Reality Check (PCE, GDP, Savings Rate)23:15 – ASX 200, BHP, Aussie Corporate News27:50 – What’s Ahead This Weekend🎙️ Daily market wrap with no fluff — macro, geopolitics, earnings & Aussie stocks in plain English.👉 Like & Subscribe for daily market recaps every trading day. Drop your biggest question about the Iran deal or AI stocks below 👇#StockMarketToday #SP500 #Nasdaq #IranCeasefire #OilPrices #AIStocks #PCEInflation #Stagflation #ASX200 #BHP #DellEarnings #Anthropic #MarketRecap #Trading2026

Wall Street kicked off the holiday-shortened week with the S&P 500 rising 0.6% to a record close of 7,519.47, driven by a blistering rally in semiconductors after UBS tripled its Micron Technology price target to a Street-high $1,625. The Nasdaq 100 surged 1.8% to a record of its own, while the Dow slipped 0.2% as energy and healthcare names dragged. Brent crude rebounded 3.5% to $99.53 after Monday’s 7% plunge, though WTI fell 2.9% to $93.79 amid mixed signals on U.S.–Iran negotiations. Treasury yields fell broadly — the 10-year declining 7 bps to 4.49% — as inflation concerns eased modestly. Spot gold slipped 1.4% to $4,507.53 as the risk-on mood drew capital away from havens. For Australia, ASX 200 futures are pointing down just 3 points to 8,677, with all eyes on the April CPI print due today and an RBA speech from Carolyn Hewson.

Wall Street closed out an eighth consecutive winning week — its longest since December 2023 — with the Dow Jones Industrial Average printing a fresh all-time high at 50,579.70. Optimism around U.S.–Iran peace talks and a blowout AI earnings season offset a bond market sell-off that drove the 30-year Treasury yield to levels not seen since 2007. ASX futures pointed 0.7% lower before Trump’s weekend comments suggesting a deal had been “largely negotiated,” though key sticking points remain unresolved.