Latest / MPC Markets Morning Call
Tech Rebounds as Chips Snap 8 Day Slide
Chips snapped an eight-day slide overnight, with Amazon leading tech higher (+5%) after Morgan Stanley tagged it a top earnings-season pick and Intel bouncing on a JP Morgan upgrade. CoreWeave found defenders despite debt worries, the banks lagged, and Tesla rose as Elon pledged a SpaceX share to every child in America.
Phil and Mark also cover the worst start to a US earnings season since 2024 (Meta, Tesla and Lam Research all report this week), a quiet-but-green session across the indices, a busy M&A Tuesday, private equity’s steady shrinking of the ASX, and the latest moves across gold…
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