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, It’s been a week of turbulent swings and sharp recoveries. On Monday, semiconductor stocks led a brutal two-day Nasdaq selloff — then Micron dropped its earnings, and everything changed. Micron Technology reported Q3 FY2026 results on June 24, leading to an immediate positive market reaction, reversing sharp losses from June 23 when semiconductor […]