Podcast
MPC Markets Morning Call
Hosted by MPC Markets · EN
The MPC Markets Morning Call is a daily Australian stock market podcast hosted by Mark Gardner, Founder & CEO of MPC Markets. Published every weekday before the ASX opens, it covers overnight Wall Street moves, ASX sector outlooks, commodities, currencies, interest rates, and geopolitics ,everything Australian investors need to start the trading day. Mark brings nearly 30 years of experience across equities, derivatives, and structured investments. New episode every weekday morning. Subscribe for your daily pre-market briefing.
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Chip-Wrecked
2d ago00:12:18Tap to summarizeMPC Markets Morning Call — 24 June 2026: Global Stocks Get Chip-WreckedThe headline writers got their byline this morning: markets got chip-wrecked. South Korea's KOSPI triggered circuit breakers and suffered its second-worst session in history — down 10% — after a local report claimed SK Hynix is shifting production away from AI memory chips (HBM) and back to cheaper commodity DRAM. Samsung copped the same treatment. Both stocks make up roughly half the index, so it was carnage.The damage spread fast. The Philadelphia Semiconductor Index (SOX) dropped 8%, Micron fell 13%, and the Nasdaq lost 2.2%. But outside the chip stocks? The market was surprisingly resilient. Microsoft was up. IBM gained 5%. Healthcare and consumer staples found buyers. The S&P 500 only fell 1.29% — not the sea of red you'd expect from that kind of Asian session.Mark breaks down why the KOSPI is a structurally volatile market — heavy retail options usage, extreme concentration — and why its moves should be read carefully, not reacted to. He also puts the SOX in perspective: even after last night's 8% fall, it's still up 157% over the past 12 months and 80%+ since April. MPC had already reduced its chip exposure earlier in the week — AMD, TSM, Lam Research, and Palantir were all trimmed or sold.In Australia, CPI for May drops today. The market's expecting headline inflation at 4.3% year-on-year, with the trimmed mean at 0.3% month-on-month. RBA Deputy Governor Andrew Hauser also speaks. And Micron reports after the US close tonight — that one matters. A bad number and nobody wants to think about what happens to the SOX.SpaceX joins the Russell Index on Friday. Bond yields remain stubborn. The US dollar had one of its better weeks in a long time, which is hammering silver, copper, lithium, and uranium. And KMD Brands is doing a 1-for-25 share consolidation while Sonic Healthcare got a Citi downgrade.In this episode: KOSPI circuit breaker explained · SOX 12-month context · MPC's chip trade trimming · Australia May CPI preview · Micron earnings risk · SpaceX Russell inclusion · AUD under pressure · RBA Deputy Governor Hauser watchListen on Spotify, Apple Podcasts, and YouTube. Subscribe at mpcmarkets.com.au.
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Tech Bleeds, Oil Retreats, Middle East Talks Grind On
3d ago00:11:29Tap to summarizeWall Street ended mixed on Monday as a wave of AI talent departures punished Alphabet and a post-IPO hangover accelerated SpaceX's three-day rout — while rotation into cyclicals and chip stocks kept the broader market afloat. Mark Gardner breaks down what moved markets overnight and what Australian investors need to watch today.In this episode:Alphabet –5% — Nobel laureate John Jumper (AlphaFold/DeepMind) leaves for Anthropic; co-Gemini architect Noam Shazeer defects to OpenAI. What back-to-back talent exits signal about Google's AI trajectory.SpaceX –16% to ~$154 — three days of losses, $600B in market cap erased. Is the $135 IPO price the next stop? Mark's view on where to watch for value.AI capex anxiety — Amazon, Meta and Microsoft shed ~$250B in combined market cap overnight. Who's writing the checks vs. who's cashing them.Micron +7% — strategic agreement with Anthropic on AI infrastructure. Super Micro Computer +16%. Getty Images soared on an OpenAI licensing deal.Lam Research — an MPC recommendation, up 5% overnight. What the team is doing with the position.Oil retreats — Brent below $78 as U.S.–Iran peace talks in Switzerland produce a 60-day oil sales waiver. Why the energy sector held firm despite the oil drop — and why Mark is watching Chevron, Conoco and ExxonMobil.WiseTech (ASX: WTC) — Morningstar's belated bear call, yesterday's 15% drop, and why MPC thinks a long-term buying opportunity may be forming under new CEO Zubin Appoo.USD/JPY at multi-month highs — where's the yen carry trade unwind? Mark's take.Alan Greenspan, 1926–2026 — a tribute to the Fed Chair who navigated irrational exuberance, the tech bubble, and the post-Volcker era.Day ahead — Wednesday's Australian CPI is the big local event. Micron earnings Thursday. What to watch.Key levels: S&P 500 7,475 | Nasdaq 26,166 | Brent $77.84 | Gold $4,192 | USD/JPY 161.60 | ASX SPI +0.2% to 8,831
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Week Ends on a Cautious Note
4d ago00:09:40Tap to summarizeUS cash markets were closed Friday for Juneteenth, but global stocks stalled heading into the weekend as US-Iran peace talks opened at Bürgenstock, Switzerland. Mark Gardner breaks down the 14-point memorandum of understanding, what's likely to pass and what isn't, and why crude oil may be the standout risk-reward trade right now — with downside of 5–10% versus upside of 10–25% if negotiations collapse.This episode covers:— US-Iran talks at Bürgenstock: Vance, Araghchi, and the 60-day negotiating window— Why Israel and Lebanon remain the wild card for any lasting deal— S&P 500 futures down 0.62%, US tech futures down 1%, oil up 2.5% as of recording— The case for energy as a portfolio hedge at extended US equity levels — Chevron, oil futures, and single-digit PE names— Fed, ECB, and RBA hawkishness hammering precious metals — gold under pressure— Australian CPI (Wednesday) and employment data (Thursday) — the numbers the RBA is watching— Metcash (MTS) full-year earnings today; BHP Jansen potash cost blowout fallout— Micron earnings Thursday morning — can memory prices justify the Philadelphia Semiconductors rally?— US core PCE price index, final GDP, and Michigan sentiment later in the weekMentioned: Software Survivors 2.0 webinar, Bulls vs Bears weekly podcast (Anthropic and OpenAI deep dive with Kai Chen and Jonathan Takadena)🎧 Subscribe: Spotify | Apple Podcasts | YouTube📧 Contact: mpcmarkets.com.au#MorningCall #USIranTalks #StraitOfHormuz #CrudeOil #ASX200 #FedRateHike #AustralianCPI #Micron #BHP #EnergyStocks #PortfolioHedge #MPCMarkets
Transcribe →Tech Powers Rally as Tech Hits Record Highs
1w ago00:06:35Tap to summarizeChip stocks are soaring! Join Finn Judell for a comprehensive market breakdown covering today's biggest moves:Key Topics:🔹 Semiconductor Surge - Intel surges 10.4-10.6% following Apple's strategic chip deal announcement🔹 Record Highs - SOX index hits new record, S&P 500 +1.1%, NASDAQ +1.9%🔹 Geopolitical Shifts - US-Iran peace deal establishes 60-day toll halt on Strait of Hormuz🔹 Federal Reserve - Hawkish commentary as 9 of 18 Fed members pencil in rate hikes🔹 Global Markets - ASX up 3.22%, Nikkei strong, mixed performance in China🔹 Commodity Update - Precious metals under pressure, uranium continues rally, crude down 9.78%🔹 Crypto Markets - Bitcoin struggles to break $70k range despite broader altcoin strength🔹 SaaS Opportunity - Deep dive into the "SaaSpocalypse" and AI's impact on software valuationsQuick Links:Learn more about SaaS valuations in our webinar: https://www.mpcmarkets.com.au/ai-saas-survivors/Stay sharp in volatile markets — watch for hawkish Fed signals and continued chip sector momentum.#Markets #StockMarket #Investing #Bitcoin #Stocks #MarketAnalysis #TechStocks #SaaS #FederalReserve
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Stocks Get Hit as a New Sheriff Arrives in Town
1w ago00:10:24Tap to summarizeThe Warsh era at the Federal Reserve began with a decisive hawkish tilt — rates were held at 3.50–3.75% but updated projections show nine of 18 officials expect at least one hike this year, with the median dot shifting from a cut to a hike. The S&P 500 fell 1.2% to 7,512.15, the Nasdaq 100 dropped 1%, and the Dow slipped 1% after briefly touching a record 52,002.94 earlier in the session. Two-year Treasury yields surged 17 basis points to 4.216%, their highest since February 2025, while the 10-year rose 7bp to 4.495%. Gold was hit hard, falling 1.9% to $4,247.93 as the stronger dollar — up 0.9% to 100.47 — weighed on non-yielding assets. Oil held relatively steady, with Brent and WTI settling up 1.0% and 0.8% respectively as Strait of Hormuz reopening expectations offset the risk-off mood. ASX futures fell 61 points (0.7%) to 8,892, with investors bracing for the Bank of England, Swiss National Bank and Norges Bank rate decisions today.Key Takeaways01S&P 500 fell 1.2% to 7,512.15, Nasdaq 100 down 1%, Dow down 1% after briefly touching a record 52,002.94 — sharp late-session selloff on hawkish Fed.02New Fed Chair Warsh held rates at 3.50–3.75% but nine of 18 officials now project a hike this year — money markets price 72% chance of a hike by October.03Brent and WTI settled up 1.0% and 0.8% respectively; gold tumbled 1.9% to $4,247.93 as the surging dollar crushed non-yielding assets.04Two-year Treasury yields spiked 17bp to 4.216% — highest since February 2025 — while the 10-year rose 7bp to 4.495%; dollar index up 0.9% to 100.47.05SpaceX fell for the first time post-IPO after a three-day rally of nearly 50%; market cap briefly topped Amazon and Microsoft to become fourth-largest US listed company near $3 trillion.06ASX futures down 61 points (0.7%) to 8,892; AUD under pressure from surging USD; Bank of England, SNB and Norges Bank rate decisions due today.
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Stocks Slip Ahead of Fed Meeting
1w ago00:15:56Tap to summarizeThe Dow closed above 52,000 for the first time ever, but beneath the surface a fierce rotation out of tech and into financials, industrials and real estate tells a different story. Mark Gardner breaks down why elevated put premiums on chip stocks and extreme price-to-sales ratios echo the 2021–22 software selloff, and what that means for portfolios positioned at the top of this range.Oil has crashed below $80 for the first time since March as markets front-run Friday's formal U.S.–Iran MoU signing in Switzerland — but with strategic reserves drained globally and demand still climbing, the pullback may be getting ahead of itself.SpaceX surged past Amazon to become the fifth-largest company in the world at $2.65 trillion, cemented a $60 billion deal for AI coding startup Cursor, and now faces a NASDAQ index inclusion that could trigger rebalance selling across the broader market. Mark explains the five key dates every SpaceX investor needs to watch.Plus: the RBA held rates at 4.35% but Bullock isn't ruling out more hikes, Flight Centre slashed guidance on Middle East disruption, and Kevin Warsh's first Fed press conference looms tomorrow morning AEST.Subscribe on Apple Podcasts, Spotify or YouTube — search MPC Markets or MPC Morning Call. Watch our webinars on demand at mpcmarkets.com.au.
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Iran Peace Deal Sends Oil Plunging, Equities Soaring
1w ago00:15:52Tap to summarizeThe US and Iran have signed a memorandum of understanding for a 60-day ceasefire extension — not a full peace deal, but enough to send oil plunging to $81 and equities surging to record highs. Mark Gardner breaks down what it actually means for markets, why only one ship has been brave enough to transit the Strait of Hormuz, and whether the insurance companies and ship captains will believe Trump's Friday reopening timeline.In today's episode:0:00 — Iran MoU signed: what it really is (and isn't)— S&P 500 +1.7%, Nasdaq +3.1% (best day since March), Dow record close— Oil crashes to 3-month lows: WTI $81.49, Brent $83.74— SpaceX surges another 20% to $192 — greenshoe takes IPO to $85.7B— AMD Ryzen AI Max: first chip to run bi-parameter AI models on a single piece of silicon— Nvidia raises $25B in bonds ($85B in orders) — AI CapEx now approaching US COVID stimulus levels— Chevron and energy stocks oversold? Value emerging in traditional oil names— Gold +2.4% to $4,320 as macro backdrop shifts— ASX set to open down ~100 points despite Wall Street rally (SPY rollover dynamics)— RBA rate decision today — expected to hold— Fed decision tomorrow under new Chair Kevin Warsh — Iran deal gives him breathing room— AI infrastructure build-out in historical context: railroads, fibre, interstate highways— MoU signing in Switzerland on Friday — the real testWhat is the US-Iran peace deal?The US and Iran signed an electronic memorandum of understanding confirming a 60-day ceasefire extension. The Strait of Hormuz is set to fully reopen by Friday after mine-clearing operations. This is not a final peace deal — nuclear discussions and sanctions are deferred to follow-up negotiations over 60 days. The formal signing ceremony is scheduled for June 19 in Switzerland.How does the Iran deal affect oil prices?WTI crude fell 4% to $81.49 and Brent dropped 4.2% to $83.74 — both three-month lows. However, shipping operators remain cautious about resuming Hormuz transit. Naval experts estimate mine-clearing could take a month, and insurance companies have yet to adjust their risk assessments for the strait.How does the Iran deal affect interest rates?The oil price decline eases inflation pressure, reducing the likelihood of Fed rate hikes. Market pricing has shifted from two hikes by early 2027 to potentially just one by December. Fed Chair Kevin Warsh now has room to adopt a more dovish tone at Wednesday's press conference.🔔 Subscribe for daily market updates before the ASX opens.📊 On-demand webinar: Software Survivors sequel — scan the QR code or visit mpcmarkets.com.au/podcast🎧 Listen on your favourite platform:🟢 Spotify: https://open.spotify.com/show/1igBks6n4hC3Uo8TnTcFaU🍎 Apple Podcasts: https://podcasts.apple.com/us/podcast/mpc-markets-morning-call/id1822404938▶️ YouTube: https://www.youtube.com/playlist?list=PLonxssa1GsVJ1aUFFE0Nc4IMGmJd3kFaw⚠️ For professional use only. Not financial advice.#MorningCall #MPCMarkets #ASX #StockMarket #IranDeal #OilPrices #SpaceX #Nvidia #FederalReserve #RBA
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SpaceX, SpaceX, SpaceX (and an Iran deal)
2w ago00:12:33Tap to summarizeSpaceX, SpaceX, SpaceX — and an Iran deal. The world's largest IPO closed up 19.2% at $160.95, valuing SpaceX at $2.1 trillion and making Elon Musk the world's first trillionaire. But overnight the bigger story landed: Pakistan's PM confirmed the U.S. and Iran have reached a peace deal, with a signing ceremony set for June 19 in Switzerland. Oil crashed to $81 WTI on futures as markets priced in the Strait of Hormuz reopening. We break down the SpaceX lockup schedule and when insiders can sell, the draft MoU terms including $25B in unfrozen Iranian assets, what the Iran deal really means for inflation and the Fed, and why Kevin Warsh's first FOMC meeting just got a lot easier. Plus: Intel double-upgraded by BofA, Adobe's CFO exit, Anthropic's AI export restrictions, and Australia's Senate CGT inquiry kicking off today. ASX set for a strong open — energy the exception.
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Stocks Jump as Trump Announces 39th Peace Deal
2w ago00:14:24Tap to summarizeStocks Jump as Trump Announces 39th Peace Deal | MPC Markets Morning Call — 12 June 2026Wall Street surges as Trump declares an Iran peace deal — again. The S&P 500 rips 1.7%, the NASDAQ jumps 2.5%, and the SOX chip index rockets 7%. But is this the real deal, or just the 39th time markets have bought the same headline?In today's episode, Mark Gardner covers:— Why the "boy who cried wolf" keeps working on Wall Street— SpaceX IPO: the biggest listing in history launches tonight at ~1pm New York time— PPI inflation hits 3.5-year highs — and nobody cares— ECB hikes rates — also ignored— Shiller CAPE at 41.5x: top 1% of valuations since 1881— S&P price-to-sales 60% above the dot-com bubble peak— Why smart money is getting cashed up for the midterm pullback— ASX outlook: SPI futures +150 points, REA Group under pressure— Calendar: RBA Tuesday, FOMC Wednesday, Kevin Warsh's first press conferenceMark's take: Don't fight the momentum, don't get frustrated — but don't get suckered in at these levels either. Midterm years have seen a minimum 10% drawdown in every single cycle for 86 years straight. Build your shopping list now.Subscribe for daily market updates before the ASX opens — Apple Podcasts, Spotify, or right here on YouTube.🔗 Software Survivors 2.0 Webinar: mpcmarkets.com.au🔗 Bulls vs Bears weekly podcast — Sp
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Hot Stock Market gets burned by even hotter inflation
2w ago00:17:34Tap to summarizeWall Street got burned overnight — the hot AI bull market finally met hotter inflation. US CPI hit 4.2% YoY (highest since April 2023), Trump struck Iran for a second day in a row, oil surged, and the chip sector cratered. SOX down 3.6%; Nvidia −3.8%; Super Micro −28%. Gold was smacked. And the SpaceX IPO is coming Friday — Mark gives his honest take on valuation.In today's Morning Call, Mark covers:📉 S&P 500 −1.6% | Nasdaq −2% | Dow −1.9%🔥 CPI at 4.2% — energy up 23.5% YoY, gasoline up 40.5%💥 Trump strikes Iran again — peace deal stalling, Hormuz still disrupted🚀 SpaceX IPO: 4x oversubscribed, $75bn raise — buy or avoid?🏠 Westpac: investor loan apps −20% in 3 weeks on negative gearing reforms📊 ASX futures down 65pts — banks, gold miners, and cyclicals all under pressure⚠️ Mark's call: high cash is the smartest position right nowAlso: Oracle capex miss, Amazon kills trucking stocks, BOJ governor hospitalised, and why the equity market is the drunk friend at the party who hasn't gone home yet.🎙️ Subscribe: Spotify | Apple Podcasts | YouTube👉 Bulls vs Bears weekend edition also available on all platforms.Not financial advice. For professional use only.
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