Soft Inflation not enough to save September
from MPC Markets Morning Call Hosted by MPC Markets
Cooling US inflation data sparked a morning rally, but Wall Street gave it all back in a brutal final-hour selloff. The Dow dropped 0.86%, the S&P 500 lost 0.25%, and bond yields hit multi-decade highs with the 30-year at 5.638%. Micron smashed earnings — revenue up 256% year-on-year — but the flat after-hours reaction has Mark questioning AI sentiment heading into Q4. The team draws parallels to Cisco's dotcom crash and flags caution around high-profile AI IPOs. Phil runs technical updates on PMA and New Hope, and the episode wraps with what to watch for the ASX open with SPI futures pointing down 51 points. Subscribe and follow for daily market coverage. Try Mosaic free at mpcmarkets.com.au/mosaic.
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