Iran peace optimism crashed WTI 9% Wednesday before ceasefire violations partially reversed it — oil fell –7.73% WoW, consumer gas near $4.55. Into that geopolitical tape, AMD’s Q1 Data Center revenue (+57% YoY) and the preliminary Apple–Intel foundry deal ignited AI semiconductors: Micron crossed $800B, INTC surged 25%, Nasdaq 100 +5.50% while the NYSE Composite fell –0.43%. April NFP exploded to +115K (vs. 65K consensus), cementing Fed on hold through 2027 — but Michigan Consumer Sentiment crashed to a 74-year record low, and a simultaneous hawkish Fed pivot by Musalem, Goolsbee, and Hammack put rate hike optionality on the table.
Tag Archives | Spirit Airlines
MIB Digest: The AI Stampede Hits Record Highs While the Consumer Hits a 74-Year Sentiment Low
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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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MIB: Stagflation Flush — Oil $105, DJTA –4.82%, Spirit Liquidated, Williams Kills 2026 Cuts
Iran escalated Monday — UAE activated missile defenses, Trump rejected Tehran’s 14-point proposal — driving WTI to $105/bbl and a 10-of-11-sector S&P selloff. Amazon’s Supply Chain Services launch cratered UPS –10% and FedEx –9%, applying the AWS playbook to logistics. Spirit Airlines liquidated — first major US carrier collapse in 25 years — after $4.51/gallon jet fuel killed a $500M federal rescue. NY Fed’s Williams raised 2026 inflation to 3%, signaling no cuts; the SLOOS confirmed C&I tightening across all firm sizes.
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MIB: Oil Shock Meets Software Selloff as Meta and Microsoft Fund AI With Layoffs
S&P 500 and Nasdaq reversed off intraday record highs to close -0.41% / -0.57% as ServiceNow plunged 18% on a margin cut, snapping XLK’s 16-day streak. Trump ordered the Navy to “shoot and kill” Iranian boats in Hormuz; WTI spiked +4.35% to $97 as Brent held flat — a rare $9 spread. Meta cut 8,000 jobs and Microsoft launched its first-ever buyout (MSFT -3.97%) to fund AI capex. IBM -8.25% and AXP -4.31% on beat-and-fade; UNP +8.77%, CMCSA +7.73%. Intel crushed AMC. Spirit Airlines heads to court April 30 with 90% US government ownership on the table.
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