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Oil spikes higher, Stocks fall. MPC Markets Morning Call. 2nd September 2026
MPC Morning Call — 2 September | Oil Spike, September Seasonality & the Stagflation QuestionJonathan Tacadena and Phil step in to run the Morning Call with Mark Gardner on Father's Day duties.Spring kicks off with a risk-off tone across global markets after an overnight oil price spike driven by escalating tensions in the Middle East. The Dow dropped around 400 points, most of the Mag 7 finished in the red, and bond yields surged on renewed inflation fears.In this episode:— Why September is historically the worst-performing month for the S&P 500 (and what that means heading into this one)—…
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