Latest / MPC Markets Morning Call
FOMO in Full Flow as Stocks Hit Fresh Record Highs
FOMO in full flow. The S&P 500 and Dow surged to record highs overnight as AI panic buying and Hormuz deal hopes drove one of the most impressive rallies we've seen — the Nasdaq up nearly 9% in five sessions.
Mark breaks down the key moves: Palantir rocketing 30% on "otherworldly" AI demand, Caterpillar's first-ever $20 billion revenue quarter, and what the Situational Awareness hedge fund unwind means for the AI trade. After the bell, SpaceX beat revenue estimates in its first post-IPO quarter but fell on massive AI capex, while AMD slid despite beating on top and bottom lines.
Oil got…
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