U.S.-Iran War Losing "Shock Factor" to Markets, MU Rebounds into SK Hynix IPO

"The conflict doesn't carry the same amount of shock factor," says Alex Coffey when discussing the U.S.-Iran war, but he warns there's not a lot of room for upside surprise for markets. On the FOMC minutes, he explains how the Fed sees AI and how the buildout will be inflationary before turning deflationary. Alex ties this to the AI memory trade as a rebound in Micron (MU) and related stock shapes up as SK Hynix readies a heavily oversubscribed U.S. IPO. PepsiCo (PEP) shares fell flat following earnings. ======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about