Latest / MPC Markets Morning Call
Stocks Bounce from Euro Session Lows as Cyber Security rockets
Wall Street recovered from sharp early losses but still finished red as the PHLX chip index plunged 5.9% on AI safety fears while software names rallied. The 10-year yield briefly breached 5%, crude holds above $101 on Saudi pipeline shutdowns, and a Fed rate hike is now 92% priced for Wednesday. Mark and Phil break down the chip-to-software rotation, Telix's FDA win on the ASX, Chevron and ConocoPhillips at 52-week highs, and why "pandemonium" awaits if the Fed doesn't hike.
Key topics: semiconductor selloff, AI governance, software rotation, crude oil supply disruption, 10-year yield at 5%…
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