Investors Abandon "Sinking Chips"

TSMC posted a 77% profit jump, beat on every line, raised CapEx to $60–64 billion — and the stock fell 2.3%. That tells you everything about where sentiment sits right now. The SOX index cratered 4%, Micron dropped 8%, AMD lost 3%, and the NASDAQ slid 1.5% for the session. Netflix didn't help either, down ~10% after hours on soft Q3 guidance and a move to reduce reporting transparency.Meanwhile, the U.S. launched a fifth consecutive night of strikes on Iran. Tehran has told the Houthis to stand ready to close the Red Sea if Washington hits power infrastructure — putting both Middle East oil choke points at risk simultaneously. Oil barely moved. That disconnect won't last.Dallas Fed's Logan called for "modestly higher" rates. Retail sales came in at +0.2%. Jobless claims fell to 208k. The economy's fine. The Fed isn't cutting.Plus: ASX outlook, Coles walking from Greencross, BHP strike action, and what to watch next week when Alphabet, Tesla, and Eli Lilly report.Hosted by Mark Gardner | mpcmarkets.com.au