Latest / MPC Markets Morning Call
Stocks Take a Breather Near Record Highs
The Dow hit a fresh record but the Nasdaq slid 0.8% on a rotation out of mega-cap tech — Alphabet fell 4% on Jeff Dean's AI departure, AMD dropped 7%, and SpaceX tumbled 14% ahead of tomorrow's massive lockup expiry. Gold surged 4.2% to a record US$4,248/oz. Mark covers the overnight action, why ASX earnings season stats say patience beats prediction, REA and AMP results, signs of life in critical minerals, and the MPC Income Series fixed coupon notes closing this week. SPI futures point to a flat open at 9,143.
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The skinny
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