Latest / MPC Markets Morning Call
Tech Stocks Smoked as Inflation comes in HOT
Tech stocks took an absolute beating overnight — the SOX fell 4.3%, now 20% off its peak and down for a sixth straight day, with every data-centre name (Nvidia, Intel, AMD, Oracle, Dell) sold off.
Mark Gardner covers a shaky start to US earnings season (Bank of America down ~6% on a surprise impairment, a soft JPMorgan, Morgan Stanley off 2.75%), the defensive rotation into healthcare, Chevron and Exxon at 52-week highs, MPC's exit from its NeoCloud calls, CoreWeave's debt squeeze, a hotter-than-expected CPI pushing rates back up, the oil and diesel story, and why hyperscaler earnings over…
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