Episode #272
Stocks Stumble as Oil and Yields Stay Bid
Wall Street finished lower as the US 10-year yield touched 5.27% — a fresh 19-year high — and Brent crude held above US$105 on Iran–Strait of Hormuz tensions. Gold and silver were smashed 3–5% as surging real yields crushed non-yielding assets. In this episode, Mark and Phil cover: - US 10-year at 5.27% and 30-year through 5.50% — hyperscaler debt now competing with Treasuries - Brent crude holds above US$105; Bloomberg's head macro analyst warns Iran will escalate into the midterms - Nvidia up 1.6% on a record US$150B buyback authorisation increase - Tesla –4% on a JPMorgan price target cut; Boeing –7% on FAA MAX 10 delay - AMD acquires World Labs (Fei-Fei Li's AI startup); Meta poaches MongoDB CEO for enterprise AI - Gold –3.6%, silver –5% as non-yielding assets buckle under surging real yields - SpaceX Starship reaches orbit but cuts mission short on engine problems - RBA decision at 2:30pm AEST — 95% chance of a 25bp hike to 4.60% - ASX day ahead: banks bid on rate hike, miners and tech under pressure - Northern Star / Gold Fields takeover bid and Elliott activist involvement Try Mosaic free for one month → mpcmarkets.com.au/mosaic
