Amazon exploded 15.32% on a 37% AWS quarter; Apple sank 7.35% on tariff-driven chip costs. The four hyperscalers now commit $720-745B to 2026 capex, up 77% from last year. Yet the S&P’s 0.70% gain hid eight red sectors, a falling Russell 2000 and Technology down 0.49%. The 10-year closed at 4.716%, highest since January 2025, as Barkin urged reversing 2025’s cuts. Brent capped a 23% July after Iran halted Hormuz traffic. Warsh may halve the FOMC calendar to four meetings.
Tag Archives | Brent
MIB Daily: Amazon’s 15.32% Surge Fuels a $720B Capex Bet — But 4.716% Yields and Falling Real Wages Say Own the Suppliers, Not the Rally
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MIB Daily: Oil’s Surge to $86 and 5.16% Yields Hand the Fed Its Excuse — Energy Leads as Alphabet, Tesla Defend $489B in AI Debt
Oil hit six-week highs — WTI +2.73%, Brent +3.32% — as an 11th night of US strikes on Iran, a Houthi Red Sea blockade threat, and a Caspian Pipeline attack compound at once, dragging gold to $4,140 while stocks slipped (S&P -0.14%, Nasdaq 100 -0.54%). Deutsche Bank and BofA now see 2-3 more Fed hikes after a weak 20-year auction pushed yields to 5.16%. Dell +9.32%, GE Vernova -8.69%, Palantir -6.10%. Alphabet and Tesla report after the bell.
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MIB Daily: Wall Street Punished TSM’s Beat-and-Raise (-4.6%, Nasdaq 100 -1.62%) as Yields Climb and Housing’s 15th Warning Sign Tests the Fed’s July 28-29 Call
Chipmakers cratered after TSMC’s (TSM) capex hike to $60-64B revived AI-spending fears, dragging the Nasdaq 100 down 1.62% as the S&P 500 held to -0.51%. Philly Fed manufacturing tripled estimates to a five-year high and claims hit a 10-week low, pushing yields up as Dallas Fed’s Logan pushed for “modestly higher” rates. The US struck Iran a fifth night and revoked its oil waiver, yet Brent eased on bearish inventories. Pending home sales sank 5.4% as mortgage rates hit 6.64%.
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MIB Daily: A Divided Fed, Cracking Chips (Micron -8%), and Iran’s Widening Risk — Rotation Wins Into a September Reckoning
Cooler June PPI fueled a rate-cut rally — S&P 500 +0.38%, Apple (+4%) hit a record high on China’s AI approval. Chip stocks reversed hard: Micron -8%, Dell -9.8%, on fresh Chinese memory-competition fears. Stripe and Advent lobbed a $53B bid for PayPal, sending shares up 16-17%. The Fed split publicly — Williams says inflation “has peaked,” Cook is “prepared to act.” Iran’s conflict widened as US strikes resumed, pushing Brent toward $86. European gas jumped 4% on a Qatari LNG halt.
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MIB Daily: Oil +6%, Gold Falls — AI Chips Buck a 577-Point Dow Drop as a Split Fed Eyes July 28
Iran’s ceasefire collapsed as the U.S. struck 80+ targets and Treasury revoked Tehran’s oil waiver, sending WTI up 5.9% and Brent up 6.9%. The Dow sank 577 points (-1.1%) as nine of eleven sectors fell. Hawkish FOMC minutes showed nine of eighteen officials still eyeing a hike on AI-capex and oil-driven inflation risk. AI chips bucked the selloff — Broadcom’s $30B Apple deal, Nvidia’s China reports, and Arista +8.8%. Gold fell 1.7% despite the risk-off tape. May consumer credit unexpectedly contracted.
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MARKETS : Paper Barrels. Physical Barrels. One Reckoning.
On April 7, Dated Brent hit $144.42 — the highest physical crude price since 1987. The same day, Brent futures settled near $109. The headline oil price is not a physical price. It is a cash-settled financial instrument priced inside a domestic supply system insulated from the largest supply disruption in history. The divergence is not a market anomaly. It is the mechanism by which the crisis suppresses its own response. The real price is invisible. The response it should trigger does not exist.
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