Latest / MPC Markets Morning Call
5th November 2025 – Tech stocks lower as Wall St CEO’s warn on valuations
Key Points
Wall Street CEOs (Morgan Stanley and Goldman Sachs) warn of potential overvaluation in tech, especially AI stocks, suggesting a possible 10-15% market correction is not a sign of deep economic issues but a valuation reset.
U.S. markets experienced notable declines: NASDAQ down 2%, Russell down 1.7%, and Dow down 0.5%, primarily impacting tech-heavy indexes.
Defensive and healthcare sectors outperformed, while major tech names (Palantir, AMD, Nvidia, Oracle) saw significant selloffs despite strong earnings results.
ISM Manufacturing Index showed continued contraction (8th…
The skinny
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