MPC Morning Call 23rd September 2026

MPC Markets Morning Call — 23rd September 2026: Copper Smashes Record Highs as NASDAQ Grinds to New Peaks Jonathan Tacadena and Finn Judell run the show today while Mark and Phil are in Brisbane, running through overnight markets and the levels to watch before the ASX open. In this episode: NASDAQ closes at a fresh record high (a modest +0.5% move) while copper breaks out to all-time highs on the structural deficit, data centre build-out and electrification thematic Gold holds near $4,360/oz despite rising bond yields and record oil prices — an unusual combination that's got Jonathan's attention Bitcoin surges as the "crypto winter" narrative looks to be breaking Market map deep dive: energy sector red across the board, Tesla and Berkshire Hathaway leading gains, Meta up 11%, and the AI/chip trade (Nvidia, AMD, Micron) continuing to run ASX technicals show a rare "strong sell" signal on the daily — but is this actually a buying opportunity given how hard the ASX has lagged Wall Street? Why the AI "slow down" scare from a few weeks back has completely reversed, and why AI adoption is still early days The "gamification" of markets: near-24-hour trading, prediction markets, football season gambling stocks, and crypto's return as the "original gambler's market" Preview of Part 2 of the Beyond Data Centers series with Kai Chen, landing in ~1.5 weeks and focused on AI governance Stock picks: Capstone Copper (ASX: CSC) — Jonathan's call that it overtakes Sandfire as the ASX's third most-traded copper stock — plus Waratah Metals (WM1) on fresh drill results Subscribe for daily market updates before the ASX opens. 🎧 Listen on Spotify: https://open.spotify.com/show/1igBks6n4hC3Uo8TnTcFaU?si=38b6c83b60574e97 🎧 Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/mpc-markets-morning-call/id1822404938 ▶️ Watch more Morning Calls: https://www.youtube.com/playlist?list=PLonxssa1GsVJ1aUFFE0Nc4IMGmJd3kFaw For professional use only. Not financial advice. #MPCMarkets #MorningCall #ASX #NASDAQ #Copper #Gold #Bitcoin #AITrade #Commodities #CapstoneCopper