MPC Markets Morning Call

MPC Markets
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The MPC Markets Morning Call is a daily Australian stock market podcast hosted by Mark Gardner, Founder & CEO of MPC Markets. Published every weekday before the ASX opens, it covers overnight Wall Street moves, ASX sector outlooks, commodities, currencies, interest rates, and geopolitics ,everything Australian investors need to start the trading day. Mark brings nearly 30 years of experience across equities, derivatives, and structured investments. New episode every weekday morning. Subscribe for your daily pre-market briefing.

  1. 2h ago

    AI Trade Bounces Back as America Votes

    The AI trade bounced overnight as America votes in the midterms. Semis rose 2.6%, their first gain in five sessions, and AMD jumped about 9% after the bell on a beat across the board. Mark Gardner and Jonathan Tacadena break down what's driving the rotation in and out of AI, and why the market is stuck in a chop fest until the midterms are decided. In this episode: - Semis rebound after five straight sessions of selling - AMD earnings, and why memory chip makers are reportedly sold out beyond 2027 - Apple's memory shortage warning, and why Palantir fell despite strong revenue growth - The Iran/Hormuz standoff and what it means for oil - The RBA hike, three dissenters, and how long past hiking cycles have lasted - ASX: fundies reportedly picking bottoms in retailers - Prediction markets and the midterms: what's being wagered and what to watch from 10am Sydney - The Anthropic IPO: Mark's article is going up on Mosaic Chapters 0:00 Intro and general advice warning 0:43 AI trade rebounds: the heat map 1:34 AMD beats, chips catch a bid 2:03 Apple, Citi and the memory chip shortage 2:55 Palantir and Apple slip 4:01 A chop fest until the midterms 4:37 Iran, Hormuz and oil 6:13 RBA hikes: three dissenters 8:04 ASX and the retailers 8:51 New podcast: Off The Charts (on Mosaic) 10:44 Earnings, DraftKings and midterm betting odds 13:10 Commodities, uranium, crude and Bitcoin 15:43 Anthropic IPO and Mosaic Try Mosaic free (no credit card): https://mpcinvest.co/freemosaic Subscribe to the Morning Call: Spotify: https://open.spotify.com/show/1igBks6n4hC3Uo8TnTcFaU?si=38b6c83b60574e97 Apple Podcasts: https://podcasts.apple.com/us/podcast/mpc-markets-morning-call/id1822404938 General advice warning: This is general advice only and includes opinion. It has been prepared without taking into account anyone's objectives, financial situation or needs. If you want to act on this, please consult a professional. Best efforts have been made on the accuracy of the information at the time of creation. MPC Markets is a Corporate Authorised Representative of LeMessurier Securities Pty Ltd, AFSL 296877. #MorningCall #ASX #AI #Semiconductors #USMidterms #MPCMarkets

    AI Trade Bounces Back as America Votes

  2. 1d ago

    Market Calms into Mid Term Election

    Night before the midterms. The AI trade has finally paused for breath. Chip names continue to drift — Microsoft, Micron, AMD, Intel. Rotation back into the broader market is visible and the leverage that was stacked into the semiconductor complex is starting to unwind. Energy took a hit on oil’s eight-percent drop after Trump’s latest peace announcement. Election noise, not a durable deal, and the move was nowhere near “the biggest in history.” Palantir grew revenue 96 percent, beat, and doubled the business. Closed down three percent. At ~260 times earnings a beat is the floor, not a reason for a celebration. Apple was softer into numbers. Record revenue and price rises, China miss, and nothing that looked material. ASX futures are firmer after yesterday’s soft session. RBA today, Melbourne Cup this afternoon for everyone else. With the bulk of earnings behind us the focus moves to payrolls later in the week and the midterm result itself. Oracle is out with another $20 billion debt and equity raise. The duration is long — refinancing is still years away — but the CDS market has been oddly enthusiastic about selling protection. Marvell and Lumentum both sold off hard on the $115 billion combination. Analysts saw limited cost synergies and it is unusual for both stocks to be down double digits. Commodities: gold, silver, platinum and copper bounced. WTI lower on the Trump headlines. Uranium still soft. Lithium is attempting to base — not yet a buy. Bitcoin has held up better than the recent hack would imply. Mosaic stays free through the end of the year (recommendations, research, webinars and the archive). Normal pricing returns 1 January. Jonathan and Phil launch a weekly chart and technicals show on Mosaic from next week. Search Bulls versus Bears or MPC Morning Call for the Friday episode on hyperscaler cash burn. General advice only.

    Market Calms into Mid Term Election

  3. 2d ago

    Market Gets Wake Up Call as Investors Abandon AI

    Friday’s sell-off hit the biggest AI and chip names. Intel fell about 28.6%, its worst day since 1974 ⚠️, and AMD and Qualcomm each dropped around 11%. Nvidia fell 4.5%. The Nasdaq wiped out roughly $2.6 trillion in October, and the market’s focus has shifted to free cash flow. Mark and the team explain why a panic sell isn’t the answer and why selective buying makes more sense. They also cover the risk-off moves in gold, silver, lithium and uranium. The week ahead includes the US midterms, the RBA decision on Melbourne Cup day, payrolls on Friday, and earnings from Palantir, Apple, AMD, Qualcomm and more. Intel, AMD, Qualcomm and Nvidia lead the AI sell-off, and the SOX breaks its 200-day moving average.Only about 240 S&P 500 stocks rose, as the biggest names fell. Eli Lilly, Chevron, Exxon and Walmart held up.Why free cash flow is now the number to watch.ASX open: SPI futures were only slightly lower, gold and silver miners look set to be sold, and the RBA is close to a certain hike.Coles fell about 7% and JB Hi-Fi rose 4.5%.The week ahead: US midterms, Palantir, Apple, AMD, Qualcomm, Pfizer, CVS Health and Moderna earnings, and payrolls.Get Mosaic free until the end of 2027: https://mpcinvest.co/FreeMosaic General advice warning: this podcast is general advice only. It does not take into account anyone’s personal objectives, financial situation or needs, and it is not personal advice. Past performance is not a reliable indicator of future performance.

    Market Gets Wake Up Call as Investors Abandon AI

  4. 5d ago

    AI Stocks Smashed on Hyperscaler Cash Burn

    AI stocks were smashed overnight as the hyperscalers reported surging capex and weakening free cash flow. Amazon missed on EPS and revenue, Google posted its first negative free cash flow quarter since listing, Meta got hit, and Intel guided Q4 sales below expectations. Microsoft was the only big name to escape. Mark Gardner breaks down the price action, why the leveraged money rotating between chip and software stocks matters, and why the rest of the market may already have priced in a lot of the downside.KEY POINTS• Nasdaq down 2.5%, S&P 500 down just 0.8%, Russell up 1%• Hyperscaler capex keeps blowing out while the cash flow funding it is cracking• Amazon: missed EPS and revenue, AWS +39%, capex over $77bn• Google: first negative free cash flow quarter since listing• Caterpillar down 10% on data centre fears despite beating• ServiceNow's sell-off continues; Eli Lilly +6% on earnings• Why leveraged margin money is the real risk to the index• "Earnings matter, free cash flow matters": spend at any cost is over• Beat doesn't mean up: watch the price action, not just the numbersCHAPTERS0:00 Intro and AI stocks sell-off0:12 Nasdaq vs S&P: what actually got hit1:41 Microsoft the survivor, Amazon's miss2:22 Meta, Google and the cash flow cracks3:55 The rest of the market is already down4:23 Rotation, leverage and collateral risk6:03 Free cash flow matters again6:22 Index and futures check7:09 Boom or doom: no more sideways markets8:29 Bulls vs Bears Episode 143 preview9:05 Day ahead: Exxon, Chevron, PPI, ECB9:46 Intel earnings10:11 Commodities10:32 Contagion risk and US midterms11:23 Don't panic in non-AI stocksLISTEN TO THE FULL MORNING CALL EVERY DAYSpotify: https://open.spotify.com/show/1igBks6n4hC3Uo8TnTcFaU?si=38b6c83b60574e97Apple Podcasts: https://podcasts.apple.com/us/podcast/mpc-markets-morning-call/id1822404938YouTube playlist: https://www.youtube.com/playlist?list=PLonxssa1GsVJ1aUFFE0Nc4IMGmJd3kFawCOMING THIS AFTERNOONBulls vs Bears Episode 143: hyperscaler cash burn and what it means for the market.FREE MOSAIC: all of our recommendations, free for the rest of the yearhttps://mpcinvest.com/free-mosaicLike, comment and subscribe. Constructive feedback welcome.MPC Markets | https://www.mpcmarkets.com.auGENERAL ADVICE WARNING: This podcast is general advice only and does not take into account your personal objectives, financial situation or needs. It is not personal advice. Past performance is not a reliable indicator of future performance. Consider the FSG and any relevant PDS for products mentioned before making a decision. MPC Markets is a Corporate Authorised Representative of LeMessurier Securities Pty Ltd, AFSL 296877.#MorningCall #ASX #AIStocks #Hyperscalers #Nasdaq #SP500 #Amazon #Google #Meta #Microsoft #MPCMarkets

  5. 6d ago

    Microsoft up, Google down, and a Fed that talked like it was hiking.

    Microsoft up, Google down, and a Fed that talked like it was hiking.Thursday 29 October. Microsoft’s Azure grew nearly 50% to $33 billion, with a $677 billion backlog, and the market called it the most responsible approach to AI spending. Google Cloud grew 103%, but free cash flow went negative and the stock fell around 11% after hours. Free cash burn, not growth, is what the market is pricing right now, as Meta also found out. Also on the call: a hawkish Fed press conference, chip stocks surging again, ServiceNow’s 16% fall, Australian CPI at 4.3% derailing the ASX, US rail and industrial strength, uranium and critical minerals, and what to watch with Amazon, Apple, Intel, Mastercard, Merck and Eli Lilly tomorrow. Free Mosaic with a Platinum subscription for the rest of 2026: [LINK – confirm] General advice warning: This podcast contains general advice only and has been prepared without taking into account your objectives, financial situation or needs. Consider whether it is appropriate for you, and read the relevant PDS and FSG at mpcmarkets.com.au. MPC Markets is a CAR of LeMessurier Securities Pty Ltd, AFSL 296877.

    Microsoft up, Google down, and a Fed that talked like it was hiking.

  6. Oct 27

    Chip Stocks Back! as Meta Passes Around the Funding Hat

    Chip stocks bounced again overnight, with the SOX up 3.6%, the Nasdaq up 1.2% and the S&P 500 up 0.6%, while Meta went looking for more funding for its AI build-out. Mark Gardner and Jonathan Tacadena cover the hyperscaler free cash flow divide, why CoreWeave and Firmus have faded from the headlines, SpaceX's compute ambitions, and where the ASX miners sit ahead of the Fed, Microsoft and Google earnings, and Australian CPI. In this episode: • Meta's funding raise was upsized from US$90B to US$97.5B, with NVIDIA, AMD and Qualcomm reportedly taking part. • Hyperscaler performance this year lines up with free cash flow, with Apple and NVIDIA on top and Meta negative. • CoreWeave is up almost 20% from its low as the AI collapse narrative fades. • SpaceX's planned compute is being compared to the power grid of Australia's east coast. • ASX miners look to be finding support, including some lithium and rare earths names. • The day ahead: the Fed, Microsoft and Google earnings, Australian CPI and Caterpillar. The MPC Markets Morning Call is your daily pre-market briefing, hosted by Mark Gardner. More at https://www.mpcmarkets.com.au/mosaic/ General advice only. It has not been prepared taking into account your objectives, financial situation or needs, and it is not personal advice. Past performance is not a reliable indicator of future performance. Read the PDS or FSG, available on our website. MPC Markets is a Corporate Authorised Representative of LeMessurier Securities Pty Ltd, AFSL 296877.

    Chip Stocks Back! as Meta Passes Around the Funding Hat

  7. Oct 26

    Chips Rally as Anthropic Files for IPO

    Anthropic has filed for IPO and chips are bouncing. Mark Gardner and Jonathan Tacadena break down what it means for markets on the MPC Markets Morning Call, 27 October 2026. In this episode: 0:00 Intro and general advice warning0:39 Chip stocks bounce, Tesla jumps on a Barclays upgrade1:45 Anthropic files for IPO: share classes, voting control, the lead brokers4:04 Losses, compute costs and convertible notes: what to look for5:12 Zscaler: profit taken at the first target, new target above $3006:06 Meta’s free cash flow and debt raise7:00 Global markets wrap and the Starlink threat to telcos8:56 Big earnings week and central banks10:24 Commodities: are the miners due a bounce?11:46 Fixed coupon notes: precious metals, lithium and Aussie blue chips14:08 ASX watch: Challenger, EOS and Kogan16:30 Free Mosaic platinum accessGet the free Mosaic platinum service, with four recommendation services and a new phone app, at mpcinvest.co/free-mosaic General advice only. Not personal advice. Past performance is not a reliable indicator of future performance. MPC Markets, AFSL 296877 via LeMessurier Securities as CAR.

    Chips Rally as Anthropic Files for IPO

  8. Oct 25

    Stocks Weighted Down by Oil Massive Week Ahead

    Stocks were weighed down Friday night by oil pushing toward 2026 highs (highest Brent/WTI settlement since late April), not by chips. Energy names rallied while the broader market stayed soft. Chips bounced and cybersecurity stocks lifted on the WordPress/PHP vulnerability. This week brings Australian CPI, hyperscaler earnings (Google, Microsoft, Apple, Amazon), US Q3 GDP and core PCE, Fed/ECB/BoJ meetings, the UK budget, Israel elections and US midterms. With that many moving parts, the next couple of days are not the time to pile on risk. China stays in bear-market territory. Gold, silver and platinum eased; copper firmed; lithium and uranium still look oversold. Oil technicals are strong — a sustained break higher feeds diesel, inflation and a stagflationary impulse. We also flag the Fixed Coupon Notes (precious metals and lithium producers) that have seen strong interest and are rolling this week: quarterly cash coupons with a 40% barrier, available to wholesale and sophisticated investors only. General advice only. Past performance is not a reliable indicator of future performance. Free Mosaic (recommendations, research, webinars, podcasts) through 2026: npcinvest.co/freeIncome solutions: mpcinvest.co/income New Morning Call every weekday. Subscribe so you don’t miss it.

    Stocks Weighted Down by Oil Massive Week Ahead
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About

The MPC Markets Morning Call is a daily Australian stock market podcast hosted by Mark Gardner, Founder & CEO of MPC Markets. Published every weekday before the ASX opens, it covers overnight Wall Street moves, ASX sector outlooks, commodities, currencies, interest rates, and geopolitics ,everything Australian investors need to start the trading day. Mark brings nearly 30 years of experience across equities, derivatives, and structured investments. New episode every weekday morning. Subscribe for your daily pre-market briefing.

Information

  • Creator
    MPC Markets
  • Years Active
    2025 - 2026
  • Episodes
    317
  • Rating
    Clean
  • Copyright
    © MPC Markets
  • Show Website
    MPC Markets Morning Call

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