Latest / MPC Markets Morning Call
Tech Bleeds, Oil Retreats, Middle East Talks Grind On
Wall Street ended mixed on Monday as a wave of AI talent departures punished Alphabet and a post-IPO hangover accelerated SpaceX's three-day rout — while rotation into cyclicals and chip stocks kept the broader market afloat. Mark Gardner breaks down what moved markets overnight and what Australian investors need to watch today.
In this episode:
Alphabet –5% — Nobel laureate John Jumper (AlphaFold/DeepMind) leaves for Anthropic; co-Gemini architect Noam Shazeer defects to OpenAI. What back-to-back talent exits signal about Google's AI trajectory.
SpaceX –16% to ~$154 — three days of losses…
The skinny
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