JOLTS beat for a fifth straight month at 7.594M, driving September rate-hike probability to 60%+ — same session S&P 500 closed Q2 +14.9% (best since 2020) and the Dow hit an all-time high. Cleveland Fed’s Hammack: AI infrastructure demand is a structural inflation force; rate hikes may be necessary. USMCA clean extension rejected — $1.5T North American trade enters annual review limbo. House Select probed MRK, LLY (-2.48%), PFE, ABBV, BMY over PLA hospital trials. SNDK +10.89% on $3,000 Bernstein PT.
Tag Archives | Nasdaq
MIB Daily: AI Is the Inflation the Fed Can’t Fight — JOLTS Beat #5 Lifts September Hike to 60%, USMCA Annual Track; Tech Most Exposed Thursday NFP
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MIB Daily: AI Capex Cracks, FOMC Unanimously Hawkish — Enterprise Software Long, Memory Short, Iran Oil Binary at $69 Unresolved
OpenAI may delay its IPO to 2027 — WDC -13%, STX -12%, Nasdaq -1.09% — as markets rotated into enterprise software (MSFT +5.71%, PLTR +5.28%). Kashkari flipped to a 2026 hike, completing a unanimous FOMC hawk chorus; the trade deficit exploded to $105.8B vs. $85B, lifting September cut odds to 55%. LLY +7.13% on EU leukemia approval drove healthcare to a record weekly outperformance. Iran struck a Hormuz vessel but oil fell -2.73%. Trump threatened 100% tariffs on DST nations.
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MIB Daily: Micron’s AI Windfall Is Apple’s Cost Crisis — PCE 3.4% Signals a Hike as RUT Hits All-Time High
Micron (MU +15.74%) posted $41.5B in Q3 revenue — quadruple year-over-year — lifting semiconductors while Apple (-6.12%) and Microsoft (-3.46%) fell on AI memory-driven hardware price hikes. Core PCE hit 3.4% YoY, highest since Oct 2023; Williams and Goolsbee hawkish, September hike window rising. Q1 GDP revised to 2.1% but consumer spending +0.5%, weakest since 2022; GDPNow cut Q2 to 2.5%. Russell 2000 closed at an all-time record as capital fled mega-cap tech. Bitcoin breached $60K, now 50% off its 2026 peak.
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MIB Daily: MU +19% / Nasdaq 30K / IRGC Airstrikes — Semiconductors Win, Energy Fades, PCE Thursday Decides
MU surged +19% after UBS tripled its price target to $1,625, lifting Nasdaq past 30,000 and S&P 500 to records. Overnight US airstrikes on IRGC targets imperiled the ceasefire, sending Brent near $100 and gasoline to $4.56/gal — a four-year high. Energy equities (CVX -3.5%, XOM -3.3%) fell despite the crude surge as markets priced Iranian supply re-entry. SpaceX received FTSE Russell fast-entry eligibility for its $1.75T IPO. Consumer Confidence slipped as two-thirds of consumers cut spending on inflation.
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MIB: Stagflation Confirmed, $105 Oil, China Stalled — Warsh Has No Good Move; REITs, Chips, & Long-Tech Now Lose
Trump-Xi Day 2: zero binding deals on tariffs, semiconductors, or Taiwan; S&P -1.24%, 10Y +14 bps to 4.60%, stagflation pricing confirmed. WTI +4.26% to $105.48 on Hormuz collapse — ~10% weekly gain compounds the tariff-inflation stack. Warsh sworn in as Fed Chair with >50% 2026 rate-hike odds; June 16 FOMC is his first test. Chip leaders MU, INTC, AMD down 5–7% on NVDA pre-positioning and unresolved China export overhang. Ackman disclosed MSFT at 21x, exited GOOGL; MSFT +3.05% vs. Nasdaq -1.54%.
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MIB: Records Across the Board — Semiconductor Surge, Hormuz Transits, and Strong JOLTS Lift Markets While ISM Flashes Demand Warning
The S&P 500, Nasdaq, and Russell 2000 hit simultaneous all-time highs Tuesday as Apple–Intel US chip manufacturing talks (INTC +13%) and Iran’s failure to strike energy infrastructure drove WTI –3.65% to $102. Project Freedom’s first Hormuz commercial ship transits confirmed the ceasefire is intact. ISM Services held at 53.6% but New Orders plunged 7.1pp — highest-since-2022 Prices Paid (70.7%) signal stagflation risk persists. JOLTS hires surged +655K to 5.6M; GDPNow Q2 upgraded to 3.7%; AMD reports after close tonight.
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