MPC Morning Call 1st December 2025
Markets had a half session in the US on Friday night. Highly recommended to ignore the movement or price action in equities
Markets had a half session in the US on Friday night. Highly recommended to ignore the movement or price action in equities
The indexes shrugged off weakness in Nvidia as a jump in other megacaps, google and Meta along with health care and consumer stocks helped carry the broader market
The indexes shrugged off weakness in Nvidia as a jump in other megacaps, google and Meta along with health care and consumer stocks helped carry the broader market
Google led the market higher overnight as enthusiasm on their TPU technology and Gemini 3 re-ignited investors AI enthusiasm
Stocks bounced back on Friday on very thin hopes for a December rate cut, as Fed Williams went against all the recent Fed speak and suggested a cut could come soon.
Stocks were smashed overnight as an Nvidia led rout of the AI stocks, as rate cuts were taken off the table due to better than expected Payrolls.
Stocks gave up early gains after the minutes of the Fed’s October meeting cast doubt on a December rate cut, adding to cautious sentiment on risk just ahead of key earnings from bellwether Nvidia.
Tech led stocks, adding to recent losses as the selloff in AI related companies continued just a day ahead of key earnings from Nvidia and a long-awaited labour market reading for September due later this week.
Stocks closed lower overnight as sentiment on the AI trade continued to sour amid growing concerns about valuations, with Nvidia leading the broader to the downside ahead of its quarterly results due later this week.
Stocks closed mixed on Friday night, well off the lows of the session as investors bought the dip in AI-related stocks to spark a turnaround in tech and shrugged off concerns about waning odds of a December rate cut.
Tech stocks led the market lower as an ongoing rotation out of big tech and waning odds of a December rate cut weighed on sentiment even with the ending of the longest ever US government shutdown.
The rotation to a more defensive stance continued overnight as investors rotated out of Tech into ahead of the confirmation of a deal to end the longest-ever federal government shutdown.