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MIB Daily: The Fed Put Just Got Cheaper — 19-Year Bond Yields and a Trillion-Dollar Chip Wipeout Leave Thursday’s Core PCE to Decide Stagflation, Favoring Macro Hedges Over Tech and Industrials

The Fed held at 3.50%-3.75% but three members dissented for a hike — the first three-way hawkish split since 2016 — and the Dow fell 2.18%, its worst day since April 2025. The 30-year hit a 19-year high at 5.21%. Iran struck a US base in Jordan and rejected Oman’s Hormuz plan; WTI jumped 6.74%. SK Hynix’s miss tipped the Nasdaq 100 into correction, erasing $1 trillion of global chip value. Caterpillar sank 6.91% on data-centre permitting risk.

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