Freakout Friday into Mild Rebound Monday

Freakout Friday, Mild Rebound Monday — MPC Markets Morning Call | 9 June 2026Wall Street's worst day of 2026 was followed by a cautious rebound. Here's what happened overnight and what it means for Australian investors today.Friday's blowout May jobs report (172k vs 85k expected) sent the Nasdaq down 4.2% and the S&P 500 down 2.6%, snapping a nine-week winning streak. Chip stocks lost over $1 trillion in a single session. Then on Monday, dip buyers returned — the SOX rallied 5.6%, Intel surged 11.2% on a Google AI chip deal, and the S&P clawed back 0.3%. But breadth was razor-thin: only three of eleven sectors closed higher.In this episode we cover:— The jobs data that fully repriced a Fed rate hike by December— Iran and Israel halting strikes after a weekend escalation — and why oil is still at $94— The incoming IPO flood: SpaceX ($75B on Friday), OpenAI's confidential filing, and Meta eyeing a stock offering— Intel, Marvell, and the AI chip trade revival— What CPI on Wednesday means for the rate path— ASX outlook after the long weekend — futures down 93 pointsASX200 futures are pointing to a gap lower of around 1.1% as we return from the Queen's Birthday break. The big test this week: U.S. CPI on Wednesday, PPI on Thursday, and SpaceX's record-breaking IPO on Friday.Subscribe for daily market updates before the ASX opens.Listen on Spotify: https://open.spotify.com/show/1igBks6n4hC3Uo8TnTcFaU?si=38b6c83b60574e97Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/mpc-markets-morning-call/id1822404938Website: https://mpcmarkets.com.au#ASX #ASX200 #MorningCall #MarketUpdate #StockMarket #WallStreet #SP500 #Nasdaq #FedRateHike #USJobs #NonFarmPayrolls #IranIsrael #OilPrices #SpaceXIPO #OpenAI #AIStocks #Semiconductors #ChipStocks #Intel #AustralianInvestor #MPCMarkets #Investing2026 #USInflation #CPI #TreasuryYields