Tag Archives | QCOM

MIB: The Cut Consensus Is Dead — Can Warsh’s Fed Avoid a Hike Without a Bond Market Tantrum?

April CPI hit 3.8% — hottest since May 2023 — eliminating all 2026 cut bets and lifting hike odds to 30%; QCOM crashed 11.5% as Monday’s record highs evaporated. WTI settled at $102/bbl (+4.1%) with Goldman warning on downstream product shortages from naphtha to aviation fuel. Goolsbee explicitly tabled rate hikes; Warsh’s Fed Chair vote is Wednesday. UNH’s EPS beat (+9.7%) lifted Healthcare to S&P top sector. $166B in tariff refunds began flowing back to Walmart, Target, and Nike.

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MIB: Hormuz Collapse + Chip Rally + Goldman’s Hawkish Pivot — Three Forces Reshaping the 2026 Portfolio

WTI surged 3.1% to $98.40 as Trump declared the US-Iran ceasefire ‘on life support’ — Aramco warns Hormuz disruption could extend to year-end. A 90-day US-China tariff pause sent QCOM +8.4% to an ATH ahead of the Trump-Xi Beijing summit May 13–15. Goldman pushed its first Fed cut to December 2026, assigning 44% odds to a hike by April 2027. CPI tomorrow (+3.7% exp.) is the week’s pivot. Lower-income consumers are in discretionary contraction; UMich sentiment is at a 74-year low.

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