Latest / MPC Markets Morning Call
Hot Stock Market gets burned by even hotter inflation
Wall Street got burned overnight — the hot AI bull market finally met hotter inflation. US CPI hit 4.2% YoY (highest since April 2023), Trump struck Iran for a second day in a row, oil surged, and the chip sector cratered. SOX down 3.6%; Nvidia −3.8%; Super Micro −28%. Gold was smacked. And the SpaceX IPO is coming Friday — Mark gives his honest take on valuation.In today's Morning Call, Mark covers:📉 S&P 500 −1.6% | Nasdaq −2% | Dow −1.9%🔥 CPI at 4.2% — energy up 23.5% YoY, gasoline up 40.5%💥 Trump strikes Iran again — peace deal stalling, Hormuz still disrupted🚀 SpaceX IPO: 4x…
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