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.
68episodes
Episodes
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AI Trade Back on as AI Cloud Bounces
1w ago00:09:48Tap to summarizeAmazon's 15% surge on blockbuster AWS results revived the AI trade on Friday, while Situational Awareness — the hedge fund run by a former OpenAI researcher — blew up on leveraged AI bets and sold to Citadel. The SOX fell 20% in July, its worst month since 2008. Coordinated US–Japan yen intervention saw both countries buying yen for the first time in nearly 30 years. Trump called off the Iran strike over the weekend, sending oil down 6%, but hedge funds remain at their most bullish on WTI since mid-June. This week: SpaceX's first earnings as a public company, a massive share unlock, US payrolls, and the start of ASX reporting season.
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Microsoft Pumps Up AI Hopes; Chip Stocks Soar
2w ago00:07:55Tap to summarizeMicrosoft's 15.5% surge reignited the AI trade overnight, adding ~$450 billion in market cap — the largest single-day gain for any company on record. Chip stocks posted their biggest advance since April 2025, with SOX +8.2%, Micron +17%, and the Nasdaq 100 up 3.4%. After hours, Amazon rallied 9% on a monster AWS beat while Apple fell 5% on China and services misses. We cover US GDP (slowed to 1.5% but domestic demand surging), the yen intervention, 30-year yields at 19-year highs, and the Iran war heating up again with both straits effectively closed. ASX futures point to a strong open. Day ahead: BoJ, China PMIs, Exxon & Chevron earnings. Next week: RBA, SpaceX, and payrolls.After the bell: Amazon +9% on an AWS beat ($42.2B revenue, +37% YoY), but Apple fell 5% on weak China and services numbers — Tim Cook's final earnings call as CEO. Meta dropped 8% on concerns about spending across too many competitive fronts.Also covered:US GDP slowed to 1.5% in Q2 but domestic demand surged 3.9%Yen jumped ~2.5% on suspected Japanese intervention30-year Treasury yield hit 5.24% — highest since the mid-2000sIran war: fresh IRGC strikes, both straits effectively closed, diesel creeping back toward $3.50/L in SydneyASX 200 futures +99 points (+1.1%) to 9,010Day ahead: Bank of Japan, China PMIs, Euro zone inflation flash, Exxon & Chevron earnings. Next week: RBA rate decision, SpaceX earnings + largest IPO escrow release in history, Non-Farm Payrolls Friday.Subscribe for daily pre-market updates.
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Fed Credibility in Question & META Smashed
2w ago00:17:09Tap to summarizeThe Fed held rates but three officials dissented for a hike, and 30-year yields surged to 2007 highs as the bond market questions the central bank's inflation commitment. Meta got smashed 8% on a rare EPS miss while Microsoft rallied on a standout Azure cloud beat. The Nasdaq 100 entered correction territory, the SOX chip index posted its worst month in 30 years, and South Korea triggered circuit breakers again. The Iran war reignited overnight with a surprise missile attack, Trump promised retaliation, and oil surged 7-8% with Hormuz still shut. We cover the full earnings wrap including Starbucks, Fortinet, Lam Research, Qualcomm, Teladoc and Carvana, plus the ASX outlook with SPI futures down 51 points ahead of RBA's Sarah Hunter, building approvals and tonight's Bank of England decision.For professional use only. Not financial advice.
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Stock exposure broadens as AI and Chips Hit
2w ago00:16:02Tap to summarizeStock Exposure Broadens as AI and Chips Hit | 29 July 2026The great rotation is accelerating. The Dow surged 1% and the S&P 500 rose on strong earnings, but semiconductors got hammered — the SOX index dropped 4.5%, South Korea's KOSPI plunged 11%, and Nvidia's credit default swap hit a record 85bps on circular financing fears worth $750 billion. Oil posted its worst three-day stretch since 2020 before bouncing 5% after hours on fresh Middle East attacks. A 7.1-magnitude earthquake struck Kumamoto — the heart of Japan's chip industry — raising supply chain watch alerts. We break down why margin debt at $1.5 trillion is the real risk nobody's talking about, what to watch in tonight's Fed decision and Microsoft/Meta earnings, and why today's Australian CPI print matters for the RBA. Plus: Boeing's cash flow turnaround, Coca-Cola's World Cup quarter, and the last day to access Buy the Dip.General advice only. Not financial advice. MPC Markets Pty Ltd.
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AI Angst Offsets Oil Decline as Nvidia Deals Reignite Circular Fears
2w ago00:15:52Tap to summarizeNvidia fell 5% as $750B+ in AI deals raised circular financing concerns, ASML sank 8.3% on Chinese DUV lithography reports, and oil plunged 8.4% on the US-Iran strike pause. Mark breaks down the semiconductor selloff, China's chip breakthrough with CXMT's explosive IPO, why peak opinion dispersion may signal a turning point, and what's ahead with the RBA decision, FOMC, and megacap earnings from Microsoft, Meta, Apple and Amazon. Plus: last call on Buy the Dip closing Thursday.
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Stocks Fall Friday but open higher Monday on US Iran Hopes
2w ago00:16:54Tap to summarizeStocks Fall Friday, But Open Higher Monday on US/Iran Hopes — MPC Markets Morning Call, 27 July 2026Wall Street's second straight weekly loss met three headwinds at once: Brent crude above $100 on Houthi attacks in the Red Sea, Alphabet's $205B capex guidance triggering the worst Mag Seven selloff since April 2025, and Trump's new tariffs on 60 economies. But Monday opens with cautious optimism — the US paused airstrikes on Iran after 13 consecutive nights, with Tehran signalling a reciprocal halt.Mark covers the chip stock carnage (SOX's worst month since June 2022), why Intel fell 8% despite beating earnings, and how Apple's lean-capex strategy is being rewarded while the other hyperscalers burn cash. Plus: 30-year mortgage rates at 11-month highs, European gas up 40% in July, and the pivotal week ahead with the Fed, RBA, BoJ, BoE, and mega-cap earnings from Microsoft, Meta, Amazon, and Apple all landing mid-week.General advice only. Visit mpcmarkets.com.au for more.
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Investors Finally Wake up to Mounting Risks
3w ago00:17:48Tap to summarizeInvestors finally woke up to the risks we've been warning about. The Nasdaq fell 2.2% as Alphabet reported its first-ever negative free cash flow and Tesla dropped 14% on weak margins. Brent crude topped $100 after Houthi strikes on Saudi tankers closed the Bab el-Mandeb strait, sending yields to 18-month highs and Fed hike odds surging to 35%. Trump announced new forced-labour tariffs — Australia copping 12.5%. Intel was the lone bright spot, surging 9% after hours on a data centre beat, while Lockheed Martin (+10.5%) and RTX (+7.3%) rallied on raised guidance. We break down what it all means for ASX investors and why this is the moment to be managing your risk, not ignoring it. Plus — tune in to Bulls vs Bears EP129 this afternoon: Hyperscalers or Hyperspenders.
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Risks Stack up Google Capex Raises Concerns
3w ago00:13:55Tap to summarizehttps://mpcinvest.co/BuytheDipRisks Stack Up: Google Capex Raises Concerns | 23 July 2026Google raised capex to $205B and reported its first negative free cash flow quarter — shares down 5% after hours. Tesla missed earnings. Oil's up 10% in five days with Brent past $95 after Houthis attacked Saudi tankers in the Red Sea. Two shipping straits now compromised. Margin lending at records, fund managers low on cash. We break down why portfolio risk management has never been more important — and what to watch as Meta, Microsoft, Apple and Amazon report next week.Free portfolio reviews: mpcmarkets.com.au | Buy the Dip: mpcmarkets.com.au
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FOMO Buying Drives Chips Stock Bounce
3w ago00:10:52Tap to summarizeWall Street staged a solid comeback on Tuesday as dip buyers piled into battered semiconductor shares, lifting the Nasdaq 1.9% and the S&P 500 0.9% to 7,509. The Philadelphia Semiconductor Index ripped 5.2% higher in its biggest daily gain in a month, with Micron up 12.2% and AMD up 8.1%, as hedge funds that had slashed long positions scrambled to rebuild ahead of mega-cap earnings. But the rally played out against a darkening geopolitical backdrop: Brent crude topped $91 a barrel after Houthi militants threatened to blockade Saudi Red Sea ports, oil tankers began u-turning, and the US completed a tenth straight day of strikes against Iran. Trump played down the prospect of talks, vowing to hit Iranian nuclear sites. Gold surged to $4,085 an ounce. ASX 200 futures point to a modest gain of 21 points to 8,763.The S&P 500 rose 0.9% to 7,509.20, the Nasdaq added 1.9%, and the Dow gained 0.7% to 52,224.64 as nine of eleven sectors advanced, led by a 2.35% rally in information technology.The Philadelphia Semiconductor Index surged 5.2% — its biggest single-day gain in a month — with Micron up 12.2%, SanDisk up 14.3%, and Western Digital up 12.5% as hedge funds scrambled to rebuild positions ahead of earnings.Brent crude jumped 2.4% to $91.35 a barrel after Houthi militants threatened a maritime blockade on Saudi Arabia, forcing oil tankers to u-turn in the Red Sea and choking a key workaround for Strait of Hormuz disruptions.The US completed a tenth straight day of strikes against Iran, with Trump playing down the prospect of talks and vowing to hit suspected nuclear sites, while Iran threatened a “powerful strike” in retaliation.3M surged 7.3% after lifting its full-year profit forecast, GM rose nearly 5% on a raised outlook, while Danaher sank 11% after cutting its core revenue growth guidance.China’s Moonshot AI is preparing to raise capital at up to $50 billion ahead of a Hong Kong IPO, after its 2.8 trillion-parameter Kimi K3 model drove daily revenue up sixfold.Key Takeaways010203040506
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Stock Downs Small Despite War Intensifying
3w ago00:14:26Tap to summarizeStocks down small despite the Iran war widening sharply — tenth straight day of US strikes, three soldiers dead, Houthis threatening a Saudi Red Sea blockade, and Hormuz traffic at a trickle. Brent crude hit $90 before pulling back. AMD jumped on a Microsoft Azure AI deal, China's Moonshot Kimi K3 is now the world's third-ranked AI model, and Michael Burry covered half his Oracle short at 52-week lows. SpaceX set August 4 for its maiden earnings. New UK PM, new Chancellor, gilt yields back above 5%. Big earnings week ahead with Alphabet and Tesla, then Meta, Microsoft, Apple and Amazon next week. The capex question looms large.mpcmarkets.com.au/podcast | mosaic.mpcmarkets.com.au
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