Latest / MPC Markets Morning Call
Stocks Drop on Triple Threat of War Oil & Higher Rates
Stocks cop a beating as war, oil and higher rates converge. Mark Gardner unpacks a rough overnight session — declining stocks outnumbered advancers 2.5-to-1 post-Labor Day.
Houthi strikes hit Saudi's Jizan refinery, reported explosions near Kharg Island, and Hormuz flows are down roughly half from pre-war levels. Brent is nearing $100/bbl with European diesel approaching $200. GPT-6 Astra hammered software names while semis rallied. Intel jumped 9%. Apple's foldable iPhone lands Wednesday at a $2,200 price tag. Rate hike odds past 60% ahead of CPI/PPI this week. Copper hit a record…
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