Hey Superheroes, NEXTDC (ASX:NXT) shed around 40% this week after the data centre operator cut its FY2027 earnings outlook, citing a power delay at its Melbourne data centre. The moves reflect a broader reassessment of technology and AI infrastructure names that has rippled from Wall Street to the ASX. Brent crude topped US$111 a barrel […]
Hey Superheroes, US consumer prices rose 3.7% year on year in September, above August’s 3.4%, with energy prices surging 20.4% over the year as the main driver of the acceleration. Core prices rose 2.6%. The read: expectations of a Federal Reserve pause in October are looking increasingly premature, and the meeting will be a closer […]
Hey Superheroes, This was the week the AI trade was asked to show its working. On Thursday a Financial Times report put OpenAI’s annualised revenue at around US$50 billion, roughly US$20 billion below the figure doing the rounds a week earlier. The Nasdaq fell 1.25% on Thursday as chipmakers sold off. By Friday morning, the […]
Hey Superheroes, The Reserve Bank of Australia raised its official cash rate by 25 basis points to 4.60% on 30 September, its fourth increase of 2026 and the highest official cash rate in 15 years, citing inflation outcomes that had come in stronger than expected.That same day, August CPI came in at 4.0%, softer than […]
Charm offensive Hey Superheroes, The US 10-year Treasury yield climbed as high as 5.2% this week, its highest level since 2007, after September flash PMI data showed manufacturing at 57.0 and services at 58.7, both beating forecasts and pointing to persistent inflation pressure. Wall Street felt the weight of it. On Thursday 24 September, the […]
Hey Superheroes, Wall Street staged a sharp recovery on Thursday 17 September, the day after the Federal Reserve raised rates 25 basis points to a target range of 3.75% to 4.00%, its first hike since 2023. The S&P 500 rose 1.12% to 7,636.21, the Nasdaq gained 1.60% to 26,395.18 and the Dow added 0.67%, a […]
Hey Superheroes, The big news dropped on Wednesday this week with the AI trade and AU Inflation in the spotlight. In the US, Nvidia posted the biggest quarter any chipmaker has ever seen. Revenue was US$96.2 billion, up 106%* year-on-year, and the company told the market that fiscal 2028 growth of around 70% is now […]
Hey Superheroes, Wall Street had a rough finish to the week. The S&P 500 dropped 0.87% to 7,641.16 on Thursday 20 August, the Nasdaq fell 1% to 26,067.17 and the Dow shed 703.84 points to 52,759.21, leaving the S&P 500 down 1.9% for the week so far. The trigger was a Treasury bond rally that […]
Hey Superheroes, Two inflation prints gave markets exactly what they wanted. U.S. CPI for July eased to 3.4% year on year, down from a high of 4.2% back in May, with producer prices flat on the month. The S&P 500 closed at a fresh record above 7,798 and money market odds of a September Fed […]
Hey Superheroes, What a week. South Korea’s Kospi triggered circuit breakers on consecutive days. Brent crude pushed back above $89. The Fed held rates again but not without a fight. By Thursday, Wall Street had staged one of its sharpest single-day recoveries of the year and Asia followed suit on Friday. A lot to unpack. […]
Hey Superheroes, Two of the Magnificent Seven just beat revenue expectations but still sold off. Alphabet closed down 7.1% and Tesla down 14.5% on Thursday 23 July, wiping out roughly $300 billion and $200 billion in market value respectively. The culprit in both cases: AI infrastructure spending that is now growing faster than near-term earnings. […]
Hey Superheroes, The inflation number the market had been waiting for landed better than expected on the back of a temporary ceasefire in Iran. US headline CPI fell 0.4% in June, its largest one-month drop since April 2020. Year on year, the annual rate declined to 3.5% from 4.2% in May, the first pullback in […]