The MPC Markets Morning Call is hosted by Mark Gardner a daily update on financial markets before the open of the ASX.
In the daily podcast we cover stock markets, commodities, interest rates and geopolitics
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The MPC Markets Morning Call is hosted by Mark Gardner a daily update on financial markets before the open of the ASX.
In the daily podcast we cover stock markets, commodities, interest rates and geopolitics
5th November 2025 – Tech stocks lower as Wall St CEO’s warn on valuations
MPC Markets Morning Call
12 minutes 13 seconds
2 weeks ago
5th November 2025 – Tech stocks lower as Wall St CEO’s warn on valuations
Key Points
Wall Street CEOs (Morgan Stanley and Goldman Sachs) warn of potential overvaluation in tech, especially AI stocks, suggesting a possible 10-15% market correction is not a sign of deep economic issues but a valuation reset.
U.S. markets experienced notable declines: NASDAQ down 2%, Russell down 1.7%, and Dow down 0.5%, primarily impacting tech-heavy indexes.
Defensive and healthcare sectors outperformed, while major tech names (Palantir, AMD, Nvidia, Oracle) saw significant selloffs despite strong earnings results.
ISM Manufacturing Index showed continued contraction (8th consecutive month), contributing to economic slowdown concerns.
U.S. government shutdown is causing mounting economic costs (especially in airlines) and adding uncertainty to market outlooks.
Recent rate cut by the Federal Reserve may be the last for 2025; RBA's Michelle Bullock signals future rate hikes are possible if inflation persists.
Commodities and risk assets (gold, silver, uranium, lithium, bitcoin) all showed weakness after strong prior rallies.
General advice: prudent risk management encouraged after multi-year market rally and current high valuations.
MPC Markets Morning Call
The MPC Markets Morning Call is hosted by Mark Gardner a daily update on financial markets before the open of the ASX.
In the daily podcast we cover stock markets, commodities, interest rates and geopolitics
