Latest / MPC Markets Morning Call
Soft Inflation not enough to save September
Cooling US inflation data sparked a morning rally, but Wall Street gave it all back in a brutal final-hour selloff. The Dow dropped 0.86%, the S&P 500 lost 0.25%, and bond yields hit multi-decade highs with the 30-year at 5.638%.
Micron smashed earnings — revenue up 256% year-on-year — but the flat after-hours reaction has Mark questioning AI sentiment heading into Q4. The team draws parallels to Cisco's dotcom crash and flags caution around high-profile AI IPOs. Phil runs technical updates on PMA and New Hope, and the episode wraps with what to watch for the ASX open with SPI futures…
The skinny
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