In this episode of the MPC Morning Call, Mark Gardner discusses the significant rally in precious metals, particularly platinum and silver, and the underlying economic factors influencing these trends. He expresses concerns about the US dollar's stability and predicts a challenging economic landscape for 2026. Mark also reviews sector performances, highlighting the healthcare sector's struggles and the potential for recovery. He concludes with insights into investment strategies and key themes for the upcoming year, emphasizing actionable stock picks and market outlooks.
takeaways
• 2025 is anticipated to be the year of AI.
• Platinum and silver are experiencing significant price increases.
• Concerns about the US dollar's stability are growing.
• The Fed's rate cuts are unlikely with a strong GDP.
• Healthcare sector in Australia is currently underperforming.
• Investment strategies should focus on sectors with recovery potential.
• Precious metals may continue to rise despite economic challenges.
• MPC Markets has had a successful year with high conviction stock picks.
• Tealix Pharma is viewed as a misunderstood investment opportunity.
• A webinar on actionable stock picks for 2026 is upcoming.
In this edition of the MPC Markets Morning Call, Mark discusses the recent market bounce driven by optimism around CPI numbers, the significant rally in precious metals like silver and platinum, and projections for the S&P and global equities in the coming year. He emphasizes the importance of focusing on high conviction themes and provides insights into the MPC Markets 2026 Outlook report, highlighting key investment themes for the upcoming year.
takeaways
• The market experienced a bounce back due to optimism around CPI numbers.
• Analysts caution against over-optimism regarding rate cuts.
• Precious metals, particularly silver and platinum, are on the rise.
• Expectations for S&P gains are around 13% for next year.
• Investment returns are expected to broaden beyond US tech stocks.
• The precious metals trade is gaining momentum despite low volume.
• Gold miners may see profit uplifts if gold prices stabilize.
• MPC Markets offers a 2026 Outlook report with key investment themes.
• The report is designed to be easy to read with infographics.
• Mark plans to continue updates through the holiday season if significant market movements occur.
In this morning's edition of the MPC Markets Morning Call, Mark discusses the current state of the US stock market, inflation data, and the implications for Federal Reserve rate cuts. He highlights the conflicting signals from Japan's monetary policy and provides insights into investment strategies, particularly in commodities and real assets. The conversation wraps up with a look at the enhanced growth strategies being implemented and a positive outlook for the upcoming year.
Takeaways
• US stocks showed improvement due to weakening inflation.
• Caution is advised regarding Federal Reserve rate cut expectations.
• Japan's monetary policy is sending mixed signals.
• Inflation data may not accurately reflect reality.
• Real assets are expected to perform well despite inflation concerns.
• Crude oil prices appear undervalued compared to other commodities.
• Enhanced growth strategies have yielded significant returns.
• The market outlook remains cautiously optimistic for the next year.
• Investors should be aware of potential stagflation risks.
• The MPC Markets team has a strong track record in market predictions.
In this morning's edition of the MPC Markets Morning Call, Mark Gardner discusses the current state of the market, highlighting the impact of AI on stock performance, particularly with Oracle's recent downturn. He notes the rise of safe havens like silver and platinum, while also addressing the broader economic indicators such as unemployment rates and their implications for market trends. Gardner emphasizes the need for caution in investment strategies as the market faces uncertainty ahead of key economic reports and monetary policy decisions.
takeaways
• Oracle's decline is affecting the AI sector significantly.
• Safe havens like silver and platinum are performing well.
• The ASX showed positive trends despite global market signals.
• Unemployment rates are rising, impacting market confidence.
• Nvidia and other tech stocks are experiencing notable declines.
• Bitcoin's classification as a safe haven is uncertain.
• Caution is advised in the current market environment.
• Future earnings reports could influence market direction.
• Economic indicators are crucial for investment strategies.
• MPC Markets offers detailed market outlooks for investors.
U.S. equities closed sharply lower overnight, led by a broadsell-off in technology and semiconductor stocks as investor enthusiasm around the AI trade softened. The S&P 500 fell 1.1%, the Nasdaq dropped 1.7%, and the Dow Jones declined 0.5%, as weakness in chipmakers triggered a widerrisk-off move across markets.
Sentiment turned after Broadcom weighed on the sector,reigniting concerns around stretched valuations and the timing of returns from heavy AI-related capital expenditure. While the broader macro backdrop remainssupportive, the session served as a reminder that expectations for AI monetisation remain sensitive to guidance and margins.
In this morning's edition of the MPC Markets Morning Call, Mark Gardner discusses the recent record highs in the S&P 500, the performance of various sectors, and the implications of economic indicators. He highlights concerns surrounding Oracle and AI, the strong performance of the Russell 2000, and the undervaluation of the materials sector. The conversation also covers the commodities market, particularly silver and gold, and concludes with insights into the 2026 market outlook and investment strategies.
takeaways
• The S&P 500 reached a new record high despite concerns about Oracle.
• There are significant worries regarding the financial viability of AI deals.
• The Russell 2000 has performed impressively this year, matching the S&P 500.
• Market sentiment plays a crucial role in short-term performance.
• Eli Lilly's new obesity drug shows promising results, boosting its stock.
• Silver prices have surged, indicating strong market momentum.
• The materials sector remains undervalued compared to tech stocks.
• Gold is currently cheap relative to other commodities, suggesting potential for growth.
• 2026 is expected to be a challenging year for index investors.
• The ASX is perceived to be undervalued, with potential for recovery.
11th December 2025 – Fed delivers 3rd rate cut, sets higher bar for further moves
In this morning's edition of the MPC Markets Morning Call, the discussion centers around the Federal Reserve's recent rate cut and its implications for the stock market. The conversation highlights the mixed reactions in the equity markets, the performance of major tech stocks, and the ongoing trends in commodities, particularly silver and gold. Additionally, insights into the Australian dollar's performance and a preview of the 2026 market outlook are provided, emphasizing actionable investment strategies for the upcoming year.
takeaways
• The Fed's third rate cut has set a higher bar for future moves.
• Equities rallied, particularly interest rate-sensitive stocks like the Russell and Dow.
• Market sentiment may shift quickly, with potential sell-offs expected.
• Technical indicators suggest a possible Christmas rally, but not as strong as previous years.
• The Aussie market appears cheaper compared to the US market.
• Earnings reports from major companies like Oracle and Adobe show mixed results.
• Silver continues to perform well, while other metals show varied trends.
• The Australian dollar's performance is tied to US dollar fluctuations.
• Caution is advised when interpreting economic data and forecasts.
• The 2026 market outlook presents five major investment themes.
In this edition of the MPC Markets Morning Call, Mark Gardner discusses the latest market trends, focusing on the significant rise in silver prices, the implications of central bank policies on inflation, and the geopolitical factors affecting technology and defense sectors. He also highlights investment opportunities in silver and the dynamics of bond yields and currency valuations, concluding with insights from Mosaic on market predictions for 2026.
takeaways
• Silver reached a new record price of $61.
• Central banks face challenges with rising inflation risks.
• Geopolitical tensions influence technology and defense markets.
• Investment opportunities arise during silver pullbacks.
• The Australian dollar appears undervalued in current conditions.
• Rising bond yields reflect concerns over national debt.
• Mosaic offers comprehensive market insights and predictions.
• Interest rate sensitive stocks may face challenges ahead.
• The importance of understanding market dynamics for investment.
• Long-term outlooks suggest potential growth in silver investments.
In this conversation, the hosts discuss the current state of commodities and foreign exchange markets, focusing on the performance of copper, silver, and uranium. They analyze market sentiment, particularly the fear and greed dynamics affecting trading decisions. The discussion also includes predictions for the upcoming week, emphasizing the importance of understanding market trends and the potential for volatility.
takeaways
• Copper, silver, and uranium are the main commodities rallying.
• High sentiment often leads to market corrections, especially in silver.
• Market quietness allows for deeper analysis and understanding.
• The outlook for the year was initially flat, but unexpected rallies occurred.
• Predictions for the coming week suggest a bullish trend.
• Fear and greed indicators are crucial for market analysis.
• The importance of reliable data over mainstream media narratives.
• Mosaic provides valuable insights and recommendations for traders.
• The hosts emphasize the need for continuous market education.
• Future episodes will continue to explore market dynamics.
In this morning's edition of the MPC Markets Morning Call, the discussion revolves around the mixed performance of stocks as investors await key PCE inflation data. The conversation highlights the drop in initial jobless claims, speculations about interest rates and the Federal Reserve, corporate earnings, and the performance of various commodities. The session concludes with insights on upcoming IPOs and the overall market outlook.
takeaways
• Investors are bracing for key PCE inflation data tonight.
• Initial jobless claims dropped to 191,000, the lowest since September 2022.
• Expectations are building for a low rate environment under Trump's potential Fed chair.
• The market is showing strong buy signals across major indices.
• Meta's significant budget cut announcement positively impacted its stock.
• The market is currently in a holding pattern with mixed signals.
• Silver has pulled back after a strong performance, indicating a potential top.
• Uranium ETFs are seeing a resurgence, indicating renewed interest in nuclear energy.
• Economic data is crucial for driving equity market movements at this time.
• Upcoming IPOs may influence market dynamics, especially if they perform well.
In this morning's edition of the MPC Markets Morning Call, Mark Gardner discusses the recent weak jobs data, Salesforce's strong earnings report, and the overall market performance. The conversation highlights the implications of rate cut expectations, the rise of AI monetization, and sector performances, particularly in healthcare and commodities. The discussion concludes with insights on future market outlooks and economic indicators.
takeaways
• Weak jobs data indicates a contraction in private payrolls.
• Rate cut expectations have surged to 90% for a reduction.
• Salesforce's earnings exceeded expectations, showcasing strong performance.
• AI products are seeing significant enterprise demand, indicating a shift in monetization.
• Salesforce's AgentForce product achieved 1.4 billion in annual recurring revenue.
• Despite declines in major tech stocks, the market finished positively.
• The healthcare sector is performing well amidst market fluctuations.
• Silver and copper are experiencing record highs, indicating strong commodity performance.
• Weak payroll numbers raise concerns about economic health.
In this morning's edition of the NBC Markets Morning Call, the discussion revolves around the current market trends, particularly focusing on the speculations surrounding potential rate cuts and their impact on various sectors. The conversation highlights the performance of different sectors, including technology and healthcare, and provides insights into the commodities market, particularly silver and Bitcoin. The session concludes with a look ahead at upcoming economic indicators and their implications for the market.
takeaways
• Stocks are drifting higher due to rate cut speculations.
• Technical analysis is currently dominating market movements.
• Nvidia, Apple, and Microsoft are seen as safer investments than US government bonds.
• The Australian market is struggling compared to the US market.
• Healthcare sector is showing signs of recovery despite challenges.
• Silver and Bitcoin are gaining traction in the market.
• Mining companies are expected to perform well in the upcoming earnings season.
• BHP may shift focus from iron to copper production.
• The market outlook report will include actionable investment insights.
• Upcoming GDP data could influence rate cut expectations.
In this morning's edition of the mPC Markets Morning Call, Mark discusses the current state of the markets following the Thanksgiving break, highlighting the significant rise in silver prices and the overall market trends. He delves into the implications of global events, particularly regarding Venezuela, and examines the impact of rising bond yields on the economy. Mark also shares insights on upcoming economic indicators and provides a forecast for 2026, emphasizing the importance of AI and commodities in the market.
takeaways
• Silver is experiencing a significant surge in prices.
• Global markets are influenced by geopolitical events, particularly in Venezuela.
• Rising bond yields are a concern for economic stability.
• The Japanese market is reacting to changes in bond yields.
• Upcoming economic indicators will be crucial for market predictions.
• Silver's historical performance suggests potential for further gains.
• The Fed's inflation measures will impact interest rate decisions.
• Trump's influence on cryptocurrency could lead to market shifts.
• The outlook for 2026 is uncertain but requires careful analysis.
• AI and commodities are key areas to watch in the coming year.
In this conversation, Mark from MPC Markets discusses the unrealistic expectations surrounding rate cuts in the financial market. He emphasizes that recent movements in rate expectations are not supported by economic data and are largely driven by media narratives and algorithms. Mark highlights the influence of a single Fed member's comment on market sentiment, despite the majority of Fed members expressing opposing views. He underscores the importance of understanding the context of these comments and the role of sentiment in shaping market reactions.
takeaways
• There is an unrealistic expectation of rate cuts in the market.
• Recent movements in rate expectations are not justified by economic data.
• Algorithms play a significant role in shaping market sentiment.
• The narrative around rate cuts is being recycled in the media.
• Only one Fed member's comment has influenced the current sentiment.
• The majority of Fed members are not supporting the rate cut narrative.
• Market reactions can be driven by sentiment rather than fundamentals.
• The financial market is influenced by trending articles and news cycles.
• Understanding the context of Fed comments is crucial for market analysis.
• Rate cut optimism can create a false sense of security in the market.
In this conversation, Mark from MPC Markets discusses the impact of interest rate expectations on the Russell index and the current status of major market indices including the Dow, S&P, and NASDAQ.
takeaways
• The Russell index has benefited from rate cut expectations.
• Expectations for a further 10% increase in the Russell index.
• The Fed meeting on December 9th and 10th is significant.
• Technical analysis shows a strong buy for the Russell.
• The Dow, S&P, and NASDAQ are currently in neutral territory.
In this conversation, Mark from MPC Markets discusses the current state of market volatility, emphasizing the significant leverage present in the market. He highlights the extreme daily swings in the stock prices of major companies like Nvidia, illustrating how market cap does not limit these fluctuations. The discussion reflects on the broader implications of such volatility in the financial landscape.
takeaways
• What we've really just proven is that, you know, what the Lord giveth, the Lord can take away.
• Massive moves to swings in multi-trillion dollar companies.
• Market cap is no barrier.
• There is significant amounts of leverage out there.
• Nvidia can have daily swings around the size of the mining sector in a day.
In this episode of the MPC Markets Morning Call, Mark Gardner discusses the recent market movements and economic indicators. He highlights the impact of Fed official John Williams' comments on rate cut expectations, the performance of various stock indices, and the outlook for commodities and cryptocurrencies. Mark also touches on recent political appointments and their potential effects on the market.
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The MPC Morning Call this morning, centers on a significant downturn in tech stocks despite strong earnings reports from companies like Nvidia. The episode discusses questions around the quality of Nvidia's revenue, technical market levels being breached, and the broader theme of market deleveraging. The host emphasizes caution amid increasing volatility and advises high cash holdings to capitalize on opportunities if markets fall further. Commodities and cryptocurrencies also experienced a broad sell-off, reinforcing a cautious market sentiment.
• Tech stocks, including Nvidia, suffered sharp declines despite positive earnings, attributed partly to concerns about the legitimacy and sustainability of reported revenues.
• Market technicals are under pressure, with major indices breaking key moving average levels, signaling possible further downside.
• Deleveraging is highlighted as a key driver of recent moves, with margin calls and forced selling exacerbating volatility across asset classes.
• Commodities like gold, silver, copper, and cryptocurrencies also fell, supporting the case for a broader risk-off shift in markets.
• The recommendation is to hold higher cash levels, review portfolios critically, and prepare a watchlist for buying opportunities if the downturn accelerates.
Join us on the MPC Markets Morning Call as we dive into the latest financial updates, including Nvidia's impressive earnings report and its impact on the market. We'll also explore global economic trends, rate cuts, and the performance of major indices. Stay informed with expert insights and analysis to navigate the financial landscape effectively.
In this conversation, Mark from MPC Markets discusses the current market trends, focusing on major indices performance and the anticipated earnings report from Nvidia. He highlights the significant growth expected in Nvidia's revenue and earnings per share, particularly from its data center division, and expresses confidence in Nvidia's ability to exceed expectations.
takeaways
• Major indices have shown a significant decline recently.
• Nvidia's earnings report is highly anticipated.
• Consensus revenue estimates for Nvidia are around $54.8 billion.
• Year-on-year growth for Nvidia is projected at 56%.
• The data center division is crucial for Nvidia's revenue.
• EPS for Nvidia is expected to be around 124-125.
• Nvidia's growth is largely driven by its data center division.
• Mark expresses confidence that Nvidia will beat earnings expectations.
• The market is sensitive to earnings reports from major companies.
• Investors are closely watching the performance of major indices.