Latest / MPC Markets Morning Call
Stocks break 3 day losing streak on Dell & Nvidia
Stocks break a three-day losing streak as Dell surges 16% on record AI server demand and Nvidia gains 3.2% on Hugging Face acquisition talks. Broadcom disappoints after hours. The Japanese yen jumps nearly 1% as BOJ hawks signal outsized rate hikes — Japan's 10-year yield breaks above 3% for the first time in decades, raising carry trade unwind fears. Brent holds near $90 on US-Iran tensions. ADP payrolls soft at 38k vs 47k consensus ahead of Friday's non-farm payrolls. September seasonality weakness looms — we discuss positioning ahead of the expected November midterm uplift.
The skinny
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